Free Word Search


Search by Topic

  • Keyword
    Industry
    Purpose
    Expert
    Area

HOME Knowledge Insight Publications Capital Markets & IT - lakyara Capital Markets & IT -lakyara List Capital Markets & IT - lakyara April 2021 BOJ's new IOER top-up program's aims and likely outcomes

BOJ's new IOER top-up program's aims and likely outcomes

Apr. 12, 2021

  • Facebook
  • Twitter
  • LinkedIn

In March, the BOJ launched a new deposit facility that pays an extra 10bps of annual interest on qualifying regional financial institutions’ excess reserves held at the BOJ. The program aims to better align BOJ policy with government policy and soften the BOJ’s NIRP. It should incentivize regional financial institutions to cut overhead expenses.

About the Author

  • Takahide Kiuchi

    Executive Economist

    Financial Technology Solution Division

  • Facebook
  • Twitter
  • LinkedIn

Contact