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Funding and expanding collateral for debt have been made easier by Japan’s central bank for cash-strapped companies in response the growing economic damage from the coronavirus pandemic.
The Bank of Japan decided at a meeting Monday to ease monetary policy, including expanding the purchase of commercial papers and corporate bonds, which work to deliver cash to companies.
The bank also decided to remove the ceiling restricting the amount for buying government bonds. The steps are similar to what central banks around the world have taken.
The Bank of Japan said the economy was facing serious difficulty because of the outbreak.