Bank of Japan Unveils New Funding for Banks

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Bank of Japan Unveils New Funding for Banks
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The Bank of Japan introduced new funding for banks that it estimated would reach $280 billion to help them make loans to companies affected by the pandemic

TOKYO—The Bank of Japan on Friday introduced new funding for banks that it estimated would reach ¥30 trillion to help them make loans to companies affected by the coronavirus pandemic.The central bank said it planned to make loans at zero.

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