Proposal for a new scheme to promote smooth corporate financing by nurturing the asset-backed securities market (Summary)
April 8, 2003
Bank of Japan
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- The Bank of Japan proposes to market participants a new scheme to promotesmooth corporate financing by nurturing the asset-backed securities market.
- The Bank will, while seeking the views of market participants, review specificarrangements for the case where the Bank would decide to purchase asset-backedsecurities, including asset-backed commercial papers. The Bank willdecide and announce its final decision as soon as possible.