BOJ’s Shirakawa hints may do more to help economy

(For more stories on the Japanese economy, click [ID:nECONJP])

TOKYO, May 21 (BestGrowthStock) – Bank of Japan Governor Masaaki
Shirakawa signalled on Friday that the central bank would
consider further steps besides a new loan programme in trying to
boost the country’s potential economic growth.

“It might be worth considering accepting securitised products
as collateral (for Bank of Japan operations),” Shirakawa told a
news conference.

He also said the new loan scheme will aim to target a wide
range of industries and will stay in place long enough for banks
to benefit from it, but added that it won’t be a permanent
programme.

The Bank of Japan on Friday outlined the new scheme aimed at
supporting growth industries and said Europe’s debt debacle
needed watching for its impact on the global economy.
[ID:nTOE64K00C]

Stock Report
(Reporting by Leika Kihara)

BOJ’s Shirakawa hints may do more to help economy