The Bank of Japan (BOJ) is considering plans to extend the measures aimed at easing corporate funding strains beyond March, Jiji Press reports, citing people familiar with the matter.
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This report comes as no surprise, given the coronavirus resurgence in the country, with Tokyo having reported a record 570 new infections as of Friday.
Tokyo governor, Yuriko Koike called on for shorter business hours amid the virus growth.
The BOJ is expected to reach a decision on extending the measures at a rate review in either December or January.
USD/JPY hovers around 104.00
USD/JPY remains pressured amid broad US dollar’s weakness, keeping its range around 104.00, at the time of writing.
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