January 18, 2023

Bank of Japan

Amendment to "Principal Terms and Conditions for the Loan Support Program"

At the Monetary Policy Meeting held on January 17 and 18, 2023, the Policy Board of the Bank of Japan made the following decisions with a view to continuing to promote further active lending stance by financial institutions and stimulate credit demand of firms and households.

  1. The Bank shall amend the "Principal Terms and Conditions for the Loan Support Program" (see Attachment 1).
  2. The Bank shall amend the "Principal Terms and Conditions for the Fund-Provisioning Measure to Stimulate Bank Lending Conducted through the Loan Support Program" (see Attachment 2).
  3. The Bank shall amend the "Special Rules for Member Financial Institutions of Central Organizations of Financial Cooperatives to Use the Fund-Provisioning Measure to Support Strengthening the Foundations for Economic Growth and the Fund-Provisioning Measure to Stimulate Bank Lending" (see Attachment 3).

Attachment 1

Amendment to "Principal Terms and Conditions for the Loan Support Program"

  • Supplementary Provision shall be amended as follows.

(Supplementary Provision)

These terms and conditions shall become effective today and shall be valid through June 30, 20272028.

(Supplementary Provision)

The amendment shall become effective today.

Attachment 2

Amendment to "Principal Terms and Conditions for the Fund-Provisioning Measure to Stimulate Bank Lending Conducted through the Loan Support Program"

  • Paragraph 7. shall be amended as follows.

7. Date of Each Loan Disbursement

  • The date of each loan disbursement shall be specified by the Bank. No loan shall be disbursed after June 30, 20232024.

  • Supplementary Provision shall be amended as follows.

(Supplementary Provision)

These terms and conditions shall become effective today and shall be valid through June 30, 20272028.

(Supplementary Provision)

The amendment shall become effective today.

Attachment 3

Amendment to "Special Rules for Member Financial Institutions of Central Organizations of Financial Cooperatives to Use the Fund-Provisioning Measure to Support Strengthening the Foundations for Economic Growth and the Fund-Provisioning Measure to Stimulate Bank Lending"

  • Supplementary Provision shall be amended as follows.

(Supplementary Provision)

The special rules shall become effective today and shall be valid through June 30, 20272028.

(Supplementary Provision)

The amendment shall become effective today.

Attachments

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Bank of Japan published this content on 18 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2023 10:19:10 UTC.