Loan scheme limited in impact / BOJ admits expanded loan program may not help to end deflation
News On Japan via Yomiuri -- Mar 16

In a bid to demonstrate its strong intention to ending deflation, the Bank of Japan decided Tuesday to expand a program designed to encourage financial institutions to approve more low-interest rate loans for companies with growth potential. However, Bank of Japan Gov. Masaaki Shirakawa has admitted the direct impact of the Growth-Supporting Funding Facility on ending deflation would be limited. If deflation continues despite the measure, the central bank is likely to come under a great deal of pressure.

At a press conference Tuesday, Shirakawa repeatedly used the expression "priming water" when explaining the loan program expansion.

The statement reflected Shirakawa's wish for financial institutions to accelerate efforts to find firms with growth potential.

Source: Yomiuri



Apr 23 100,000 apply to participate in first public tours of parts of Imperial Palace
The Imperial Household Agency announced this week that it has received over 100,000 applications from individuals seeking to participate in the first ever public opening of parts of the Imperial Palace. (Japan Today )
Apr 23 79-year-old woman stabbed to death in Shizuoka home
Police in Hamamatsu, Shizuoka Prefecture, said Tuesday that a 79-year-old woman was stabbed to death at her home. (Japan Today )
Apr 22 Ex-judge installed camera in women's toilet at Ministry of Justice
A former judge from the Ministry of Justice is alleged to have installed a camera inside a women's toilet inside a ministry building in Kasumigaseki, people with knowledge of the matter announced on Monday, reports Sports Nippon (Apr. 22). (Tokyo Reporter )
Apr 22 Hunters kill bear after it attacks man in Niigata
Hunters shot and killed a bear on Monday after it attacked a man in Murakami, Niigata Prefecture. (Japan Today )
Apr 21 Daughter arrested for killing 83-year-old mother with kettle
Police in Okazaki, Aichi Prefecture, said Monday they have arrested a 55-year-old woman for fatally beating her 83-year-old mother with a kettle at their home. (Japan Today )
Apr 21 Justin Bieber 'in a happy place,' hits Tokyo with mom Pattie Mallette
Justin Bieber flies to Tokyo, Japan, with mom Pattie Mallette, leaving his legal woes, Drake Bell drama and the debate on the deportation petition behind. (inquisitr.com )
Apr 21 Man stabs ex-girlfriend, her parents in their home in Aichi
Police in Fuso, Aichi Prefecture, said Sunday they have arrested an unemployed 38-year-old man for attempted murder after he broke into the home of his ex-girlfriend and stabbed her and her parents. (Japan Today )
Apr 21 Man jumps to death after fatally stabbing father
Police in Tokyo said that a 46-year-old man apparently jumped to his death after fatally stabbing his father at their condominium in Tokyo's Koto Ward on Sunday morning. (Japan Today )
Apr 21 Matsushima gull feeding ban to protect pine trees
Feeding black-tailed gulls has been a popular activity on the sightseeing boats that cruise around the Matsushima islets, considered to be one of the three most beautiful spots in Japan, but local authorities banned the practice this month in a bid to protect the islets' famous pine trees from withering as a result of nitrogen in the droppings of the gulls, who have bred in large numbers in the area. (The Japan News )
Apr 20 Serial burglar suspected of over 100 thefts
Police in Tokyo have arrested a 41-year-old construction worker on suspicion of stealing over 10 million yen in cash and precious jewels. (Japan Today )