• Most Popular
  • Most Shared

BOJ:to offer banks Y350 bln subordinated debt each

Thu Apr 9, 2009 11:04pm EDT

(For more stories on the Japanese economy, click [ID:nECONJP])

Japan

TOKYO, April 10 (Reuters) - The Bank of Japan said on Friday it would offer domestic banks up to 350 billion yen each of subordinated loans at an interest rate to be set via auctions.

The BOJ said it would issue new subordinated loans until the end of March 2010, and would hold its first auction in May.

The BOJ will offer 10-year subordinated loans and perpetual subordinated loans.

The central bank last month decided to offer up to 1 trillion yen ($10 billion) in such loans to bolster banks' capital depleted by stock price falls and prevent lending to companies from drying up. (Reporting by Leika Kihara)

Japan


More from Reuters

Photo

East Coast tunnels out from severe snowstorm

NEW YORK (Reuters) - The Northeast began digging out on Sunday from a massive snowstorm that buried cities from Washington to Boston under as much as 2 feet of snow, creating travel chaos and hampering Christmas shopping. | Video

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review