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

May 21, 2020 - Reuters Canada

TOKYO (Reuters) - Japan’s central bank will create 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.

FILE PHOTO : A security guard walks past in front of the Bank of Japan headquarters in Tokyo, Japan January 23, 2019. REUTERS/Issei Kato/File Photo

The decision, to be made at an emergency meeting on Friday, undersco...