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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