Feb 19
Japan: BoJ to start purchasing corporate bonds
As widely expected, the Bank of Japan (BoJ) left its leading O/N target rate unchanged at 0.1% in a unanimous decision. In addition, it announced it will start purchasing corporate bonds and extended most of its existing programmes to ease corporate finance conditions and liquidity in financial markets. At the press briefing, Board Governor Shirakawa said that cutting its leading interest rates to zero was not even discussed at this week's meeting, indicating that a cut in the O/N target rate
