Bank of Japan to Buy Lowered-Rated Corporate Debt
The Bank of Japan will purchase corporate debt with lower credit ratings than it accepted before, as part of its latest easing program that attempts to support the economy by helping companies borrow. The BOJ will buy BBB rated corporate bonds and A-2 commercial paper, the bank said in a statement released today in Tokyo. Board members will meet again on Nov. 4-5 to discuss purchases of exchange-traded funds and Japanese real-estate investment trusts, bringing forward its policy meeting by more than a week. At its last meeting on Oct. 5, the BOJ policy board unveiled “comprehensive monetary easing” steps including a 5 trillion yen ($61 billion) fund to buy more assets. Governor
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