But those who spoke out on the matter said the BOJ ought to be cautious about directly injecting capital to save struggling firms, suggesting such action should be the preserve of the government.
(July 20): Bank of Japan policymakers debated the risk of the country sliding back into deflation but stopped short of advocating stronger steps to prevent firms from going insolvent due to the coronavirus pandemic, minutes of their June meeting showed.
With the impact of COVID-19 likely to last for a prolonged period, more companies could face the risk of insolvency even if they received immediate liquidity support, some on the BOJ’s nine-member board were quoted as saying.
