I missed this too … from yesterday during the Tokyo session:
- Japan’s Nikkei newspaper reported that the government is considering loosening lending restrictions
- They are considering a proposal to restore the ceiling on interest rates to 29.2% from 20% to make it easier for smaller businesses to procure funds
The LDP aims to revise the rate cap in the current parliament session, the Nikkei reported, without citing anyone. An official from the party’s policy research council wasn’t immediately available to comment on the report.
There is more detail at Bloomberg.
