Bank of Japan Decides to Introduce New System for Small and Medium-Sized Enterprises

Bank of Japan Small and Medium-Sized Enterprises Funding Support New System Corona Virus May 22 10:12

The Bank of Japan held an extraordinary monetary policy meeting on Tuesday to introduce a new system to support the tight financing of small and medium-sized enterprises affected by the new Coronavirus.

The Bank of Japan will provide funds to private financial institutions that have implemented loans to increase real interest-free and unsecured loans by private financial institutions starting this month at an interest rate of 0¢.

The government is working on a draft budget for the Second Amendment to implement additional economic measures, but the Bank of Japan is also trying to keep pace with its support.