Like the ECB before it, the BOJ has secured an unlimited swap line with the Federal Reserve, allowing the BOJ to lend as much dollar liquidity as Japanese banks need. This is one more step in the process of freeing up global credit markets.
Like the ECB before it, the BOJ has secured an unlimited swap line with the Federal Reserve, allowing the BOJ to lend as much dollar liquidity as Japanese banks need. This is one more step in the process of freeing up global credit markets.
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