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BoJ Unveils New Lending Program To Support SMEs

The Bank of Japan introduced a new lending program to help financing small and medium-sized firms struggling to operate amid the spread of the novel coronavirus, or Covid-19, but left its target for short-term interest rate and the bond yield target unchanged. At the emergency meeting on Friday, the Policy Board of the BoJ unanimously decided to launch a lending scheme worth about JPY 30 trillion.
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