BOJ votes to extend corporate finance measures

TOKYO - The Bank of Japan voted to extend its corporate funding support measures on Wednesday beyond their planned expiry in September, and it kept interest rates on hold as expected.

By (Reuters)

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Published: Wed 15 Jul 2009, 12:03 PM

Last updated: Thu 2 Apr 2015, 7:36 AM

The bank’s board voted unanimously to keep buying commercial paper and short-dated corporate bonds and continue its fixed-rate funding operation for a further three months each.

The BOJ lowered its estimate for Japan’s gross domestic product in the year to next March to a contraction of 3.4 percent from its earlier April projection of a 3.1 percent contraction.

The BOJ also kept its interest rates at 0.10 percent as expected. The rate decision was made by a unanimous vote.

Governor Masaaki Shirakawa will hold an embargoed news conference, with his comments expected to come out some time around 4:15 p.m. (0715 GMT).

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