The Bank of Japan have a bank lending facility to provide no-interest loans to financial institutions wanting to on-lend
- The program has been ruining for seven years
- lends money for 4 years (with a 1 year refinance option)
- Its scheduled to cease taking new applications in March
But financial firms want an extension (funny, that).
The Bank of Japan meet on January 30 and 31 and are expected to extend the program 9they have already extended it once, it was to end in 2015).
(via the Nikkei)
