BoJ minutes indicate support for emergency credit aid is waning

10/19/2009 | Wall Street Journal, The · Bloomberg

Minutes from the Bank of Japan's latest meeting show that some policy board members said efforts to support corporate fundraising were no longer necessary. "A few members were of the view that the positive effects that these measures could produce were on the wane," according to the meeting minutes. The minutes indicate that the BoJ may stop buying corporate debt. Meanwhile, Masaaki Shirakawa, governor of the BoJ, said that as Japan's economy begins to grow again, banks are becoming increasingly willing to lend.

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Wall Street Journal, The · Bloomberg

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