BoJ considers new lending system to support corporate cash flow March 6 6:27
The Bank of Japan has begun to consider a new lending system to help companies with lower sales due to the spread of the new coronavirus.
Due to the spread of the new coronavirus, the decline in exports to China, the decrease in foreign tourists visiting Japan, and the ban on events have seriously affected sales of a wide range of companies.
Already the government, including the financing support of the companies affected by the spread of infection through such as the Japan Finance Corporation, our policy is to include the additional support measures in emergency response measures to be the second installment are summarized in prospect this month 10 days.
Under these circumstances, the Bank of Japan has also begun to consider a new lending system to support corporate cash flow.
When banks and others provide loans to companies whose cash has become severe due to a sudden fall in sales due to the spread of the new coronavirus, the BOJ will lend the necessary funds and aim to increase loans to companies.
The BOJ will hold a monetary policy meeting in the middle of this month, and will examine the mechanism and timing of the lending system while also reviewing the government's second emergency response measures.