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BoJ to buy Y1,000bn of corporate bonds
By Michiyo Nakamoto in Tokyo
Published: February 19 2009 05:19 | Last updated: February 19 2009 19:53
The Bank of Japan on Thursday stepped up measures to help embattled companies suffering in the credit crisis, with plans to buy up to Y1,000bn ($10.6bn) in corporate bonds and extend its emergency purchases of other assets from financial institutions.
In a sign of its alarm over the economic outlook, the BoJ said it would buy corporate bonds rated A and higher from next month. It will extend its programmes to buy commercial paper and provide unlimited collateral-backed loans to financial institutions.
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http://www.ft.com/cms/s/0/77176940-fe44-11dd-b19a-000077b07658.html?nclick_check=1
BoJ to buy Y1,000bn of corporate bonds
By Michiyo Nakamoto in Tokyo
Published: February 19 2009 05:19 | Last updated: February 19 2009 19:53
The Bank of Japan on Thursday stepped up measures to help embattled companies suffering in the credit crisis, with plans to buy up to Y1,000bn ($10.6bn) in corporate bonds and extend its emergency purchases of other assets from financial institutions.
In a sign of its alarm over the economic outlook, the BoJ said it would buy corporate bonds rated A and higher from next month. It will extend its programmes to buy commercial paper and provide unlimited collateral-backed loans to financial institutions.
.............
http://www.ft.com/cms/s/0/77176940-fe44-11dd-b19a-000077b07658.html?nclick_check=1