BOJ minutes: govt urged corporate funding support

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TOKYO, Nov 5 (Reuters) - A government representative said he hoped the Bank of Japan would support the nation's economy through monetary policy at the bank's board meeting on Oct. 13-14, minutes showed on Thursday.

"We hope the BOJ takes appropriate action by carefully examining market developments so that flows of corporate funding won't be clogged up, as the business environment and funding conditions remain severe," the government representative was quoted as saying.

At the meeting the BOJ deferred a decision on whether to end support for corporate finance in December after the government pressed it to consider the economic cost of its retreat from credit markets.

At a subsequent meeting last week the BOJ decided to begin withdrawing from credit markets although it extended a loan scheme by three months. [ID:nT32693]] (Reporting by Leika Kihara and Rie Ishiguro)