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.
|| 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 ) |
|| 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 ) |
|| 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 ) |