Posted inJapan

Covid-hit Japan now paying banks to lend

TOKYO – In its decades-long effort to prod financiers to loosen up and lend more to defeat deflation, the Bank of Japan (BOJ) is trying a new tack: incentivizing them with bonuses. Talk about a language that bankers can understand, even in aging, hyper-conservative Japan. Early indications are that the plan is working, incentivizing BOJ […]