boj minutes, 2022-04-28
With a view to supporting financing, mainly of firms, and maintaining stability in financial markets, the Bank had taken the following measures: (1) purchases of CP and corporate bonds and conduct of the Special Funds-Supplying Operations to Facilitate Financing in Response to the Novel Coronavirus (COVID-19) (the Special Operations to Facilitate Financing), both under the Special Program to Support Financing in Response to the Novel Coronavirus (COVID-19) (the Special Program), with the completion at the end of March 2022 of additional purchases of CP and corporate bonds and fund-provisioning against private debt pledged as collateral under the Special Operations to Facilitate Financing; (2) flexible provision of ample funds, mainly through purchases of JGBs and conduct of the U.S. dollar funds-supplying operations; and (3) purchases of exchange-traded funds (ETFs) and Japan real estate investment trusts (J-REITs) with upper limits of about 12 trillion yen and about 180 billion yen, respectively, on annual paces of increase in their amounts outstanding.
Sentiment: neutral
Topic: mp_economic_activity