The BoJ said it will conduct the funds-supply operation on Tuesday, under which it will offer loans with a five-year duration from Feb 1. — Reuters
TOKYO: The Bank of Japan (BoJ) says it will extend five-year loans against collateral to financial institutions, the second time it has made such an offer after ramping up the funds-supply operation this month to defend its yield control policy.
The announcement underscores the central bank’s resolve to prevent simmering market speculation of a near-term interest rate hike from pushing up bond yields too much.
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