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Wednesday, November 25, 2009

BOJ Minutes: Loan Program Could Be Extended

By Lisa Twaronite

MarketWatch Pulse

TOKYO -- Minutes of the Bank of Japan's Oct. 30 policy board meeting released Thursday showed members suggested that central bank could extend a low-interest loan program which is now due to expire at the end of the fiscal year in March. One member "expressed the view that, when judged necessary, the bank should employ appropriate measures, including reutilization of the special fund supplying operations to facilitate corporate financing, in a flexible and timely manner. All other members agreed with this view," according to the meeting summary. At the meeting, the BOJ decided to allow its temporary program to purchase corporate bonds and commercial paper expire at the end of December, as scheduled. It extended the low-interest loan program by three months through the end of March, but said that program, too, would then be allowed to expire.

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