On Monday, for the second straight month, the Bank of Japan is expected to extend the monetary stimulus to relieve corporate funding pressures and to finance major government spending aimed at battling the worsening economic effect of the coronavirus pandemic.
Such a move would bring the Bank Of Japan into line with other major central banks, that amid the health crisis released enormous quantities of monetary support.
To relieve the economic discomfort, last week, the government increased its spending package to an unprecedented 1.1 trillion yen, which will be paid for in part by selling more bonds, straining Japan’s already frayed finances.
Japan also extended a state of emergency an extra month, ordering people to stay home and businesses to close, adding to the economic effects caused by the coronavirus pandemic.
The Panthera Post 