{"id":28196,"date":"2012-03-13T12:37:00","date_gmt":"2012-03-13T16:37:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/03\/13\/bank-of-japan-announces-2-trillion-yen-enhancement-to-loan-program\/"},"modified":"2012-03-13T12:37:00","modified_gmt":"2012-03-13T16:37:00","slug":"bank-of-japan-announces-2-trillion-yen-enhancement-to-loan-program","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/03\/13\/bank-of-japan-announces-2-trillion-yen-enhancement-to-loan-program\/","title":{"rendered":"Bank of Japan Announces 2 trillion yen Enhancement to Loan Program"},"content":{"rendered":"<div align=\"right\"><script type=\"text\/javascript\">\ntweetmeme_style = 'compact';\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\"><\/script><\/div>\n<p><span><span><span>The&nbsp;<a href=\"http:\/\/www.boj.or.jp\/en\/index.htm\">Bank of Japan<\/a>&nbsp;held its interest rate at 0-0.10% and announced 2 trillion yen of enhancements to &#8220;the Growth-Supporting Funding Facility&#8221; (GSFF) resulting in the GSFF expanding to 5.5 trillion yen. At the Bank of Japan&#8217;s regular meeting, board member Mr. R. Miyao proposed to increase the amount of the Asset Purchase Program by about 5 trillion yen, but the proposal was defeated by a majority vote. The Bank noted it will continue with &#8220;powerful easing&#8221; until it judges its new 1 percent inflation goal to be in sight.<\/span><\/span><\/span><\/p>\n<div><span><span><span><\/span><\/span><\/span><br \/><a name='more'><\/a><span><span><span>The Bank said: &#8220;<\/span><\/span><\/span><span><span>Japan&#8217;s economy currently confronts the long-term structural challenge of declining trend growth rates amid rapid population aging. &nbsp;Tackling this challenge is crucial for establishing a new basis for economic growth. &nbsp;The goal of overcoming deflation will be achieved through such efforts to strengthen growth potential and via support from the financial side. &nbsp;With this in mind, it is important for business firms, financial institutions, the government, and the central bank each to continue exerting themselves in their respective roles.&#8221;<\/span><\/span><\/div>\n<div>\n<div>\n<div><span>The Bank of Japan added another <a href=\"http:\/\/www.centralbanknews.info\/2012\/02\/bank-of-japan-increases-app-10-trillion.html\">10 trillion yen<\/a> to its 65 trillion yen quantitative easing program last month, after it expanded its asset purchase program in October by another&nbsp;<a href=\"http:\/\/www.centralbanknews.info\/2011\/10\/japan-adds-5-trillion-to-quantitative.html\">5 trillion yen<\/a>&nbsp;to 55 trillion yen, and previously announced additions to its&nbsp;<a href=\"http:\/\/www.centralbanknews.info\/2011\/08\/bank-of-japan-holds-rate-at-010-expands.html\">quantitative easing<\/a>&nbsp;program&nbsp;during its August meeting. &nbsp;The Bank had previously changed its&nbsp;<a href=\"http:\/\/www.centralbanknews.info\/2011\/03\/bank-of-japan-holds-rate-at-010-expands.html\">asset purchase program<\/a>&nbsp;in March last year, when it added a further 5 trillion yen to its target.&nbsp;<\/span><\/div>\n<div><span><span><br \/><\/span><\/span><\/div>\n<div>\n<div><a href=\"http:\/\/www.centralbanknews.info\/\" target=\"_blank\">www.CentralBankNews.info<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-7890332827246947266?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Bank of Japan&nbsp;held its interest rate at 0-0.10% and announced 2 trillion yen of enhancements to &#8220;the Growth-Supporting Funding Facility&#8221; (GSFF) resulting in the GSFF expanding to 5.5 trillion yen. At the Bank of Japan&#8217;s regular meeting, board member Mr. R. Miyao proposed to increase the amount of the Asset Purchase Program by about 5 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/03\/13\/bank-of-japan-announces-2-trillion-yen-enhancement-to-loan-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bank of Japan Announces 2 trillion yen Enhancement to Loan Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-28196","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=28196"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28196\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=28196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=28196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=28196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}