Financing support for BOJ SMEs New system decision New Corona May 22 10:12

The Bank of Japan held an extraordinary monetary policy decision meeting on the 22nd, and decided to introduce a new system to support the difficult financing of SMEs affected by the new coronavirus.

The BOJ will finance the private financial institutions that started the loan this month to increase the real-interest-free and unsecured loans by the BOJ at an interest rate of 0%.

The government is in the process of formulating a second supplementary budget plan to implement additional economic measures, but the Bank of Japan is aiming to provide support in a timely manner.