Bank of Japan (BoJ), Japan’s central bank increases its stimulus measures to further encourage finacial institutions to lend more.
The stimulus expanded to 20 trillion yen (£145bn; $220bn) an amount being offered as short-term loans for banks.
However, BoJ still recognizes the pressures brought upon by deflation. BoJ encourages the uncollateralized overnight call rate to remain at around 0.1% as per the latest monetary policy meeting held today.
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