Demand for BOJ Virus Loans Jumps Fivefold on New Lending Program
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Demand for Bank of Japan loans aimed at helping struggling companies jumped fivefold after the introduction of a second loan program, the latest data show.
The central bank lent another 8.3 trillion yen under its two virus-response lending programs in an operation Wednesday. The second program aims to offer loans to a broader range of banks so that the BOJ can extend its reach to smaller companies in need of help amid the pandemic.