The Bank of Japan may next week decide to expand two loan schemes aimed at encouraging commercial banks to lend more and extend them beyond their current March expiry date, sources familiar with the central bank’s thinking said.
Many BOJ officials feel that the programs ought to be continued beyond March. But there is no consensus yet on details such as how long they should be extended for or by how much they should be increased, the sources said on condition of anonymity.
If the nine board members can reach agreement, the BOJ may announce a decision next week, the sources said. If preparations take more time, the decision may be delayed until next month, they added.
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