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Bank of Japan launches its version of Fed's 'Main Street' lending scheme

May 22, 2020 - Nasdaq

B y Leika Kihara and Tetsushi Kajimoto TOKYO, May 22 (Reuters) - Japan's central bank created its own version of the U.S. Federal Reserve's "Main Street" lending programme to channel more money to small businesses, in a bid to keep the coronavirus pandemic from pushing the economy deeper into recession. In an emergency meeting on Friday, the Bank of Japan also extended the deadline for a raft of measures it has put in place to combat the fallout from the virus, including accelerated corporate ...