Bank of Japan holds fire, pledges $1 trillion to struggling firms

By Administrator_India Capital Sands The Bank of Japan kept monetary settings steady on Tuesday and stuck to its view that the economy will gradually recover from the coronavirus pandemic, signalling that it has taken enough steps to support growth for now. However, it increased the nominal size of its lending packages for cash-strapped firms to $1 trillion from about $700 billion announced last month. While the BOJ remains focused on steps to ease corporate funding strains, Governor Haruhiko Kuroda may offer hints on how it will deal with longer-term issues…

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