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REGIONAL BANKS IN JAPAN TO RECEIVE ADDITIONAL INTEREST OF 0.1% BY BOJ

Published On 10 Nov 2020 05:32 PM


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Highlights –

  • Regional banks in Japan to receive additional interest of 0.1% by BOJ.
  • BOJ to provide additional interest on the balance of current account deposits.
  • BOJ would pay up to 50 billion yen a year to regional lenders.
  • Japan has around 100 regional banks.

On Tuesday, the Bank of Japan announced that it will provide additional interest on the bala....


Tags : BANK OF JAPAN, CENTRAL BANK OF JAPAN, REGIONAL BANKS OF JAPAN, JAPAN SHINKIN BANKS, PANDEMIC, CURRENT ACCOUNT DEPOSITS, BOJ,
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