Bank of Japan dollar supply to financial market To reduce the number of money from next month August 20 20:33
The Bank of Japan announced that it will reduce the supply of dollar funds to the financial markets, which it has introduced to reduce the turmoil caused by the new coronavirus, from next month to three once a week. The reason is that the financial markets were relatively stable.
In March this year, the Bank of Japan, in cooperation with the Federal Reserve Board of the United States, which is the central bank of the United States, and the European Central Bank, introduced measures to supply dollar funds at low interest rates to financial markets.
According to the BOJ, these measures have made it easier for financial institutions to secure dollar funds these days.
The Bank of Japan announced that it would reduce the supply of dollar funds with a lending period of one week from the first three months of the current week to three times a week, given that the financial markets were relatively stable.
The ample supply of funds has kept the financial market swaying down for the time being, but the Bank of Japan says it will take appropriate measures such as coordinating with the central banks of each country if the market turmoil again.