Former BoJ board member scrutinises a loan-programme expansion

08/30/2010 | Bloomberg

Nobuyuki Nakahara, a former member of the Bank of Japan's policy board, called the central bank's decision to expand a loan programme for banks "too little and too late". BoJ Gov Masaaki Shirakawa said the central bank is prepared to take further action if necessary, after bolstering funds in a loan facility to 30 trillion yen.

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