Jiji Press is citing sources saying the government plans to extend the loan facility that will aid companies would want to takeover foreign firms. It will be extended by 6 or 12 months with an announcement in August.
Earlier, a new BOJ member said policymakers should consider purchasing foreign bonds (Sorry Italy/Spain, don’t think you’re on the list).
The merger fund seemed like a great idea at the time but it hasn’t produced the results. Perhaps officials believe companies just need more time.
