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The Bank of Japan (BOJ) has announced a new initiative to provide USD funds against pooled collateral starting in July 2018. This move is aimed at stabilizing financial markets and supporting banks like Norinchukin, which are facing challenges with their leveraged and derivatives positions. Additionally, the BOJ will offer to lend government debt on a spot basis, a significant step that could have broad implications for the financial markets.
Here we go, the #BOJ throwing another life vest to #Norinchukin #BOJ lending high quality collateral to the bank so they can post it against their under water levered and derivatives positions in order not to be liquidated ⚠️ @financialjuice https://t.co/wdXoGzRKZa https://t.co/P9NOMomBGC
BOJ OFFERS ON-THE-SPOT LENDING OF GOVERNMENT DEBT
BOJ OFFERS TO LEND GOVERNMENT DEBT ON SPOT