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TOKYO, Nov 13 (Reuters) - Japan's government will keep its commercial paper buying programme in place until next March or later on concern that the country's economy faces the risk of another recession, the Nikkei economic daily reported on Friday.

The Bank of Japan has decided to end its own commercial paper (CP) buying in December on the view that credit market conditions have improved enough to allow it to phase out the emergency steps it put in place to deal with the global financial crisis.

The government's 2 trillion yen ($22 billion) CP buying auctions in September and October drew no bids in a sign of improving corporate financing conditions.

But the Ministry of Finance and the Development Bank of Japan, which operate the programme, will keep the measure in place to guard against an expected rise in fund demand towards the year-end and March next year, when many companies close their books, the Nikkei said.

It also wants to keep the step in place on the belief that there is still a risk Japan's economy may fall into a double-dip in the latter half of the year to March 2011, the paper said without citing sources.

That contrasts with the BOJ's view that the economy is picking up and that a double-dip is highly unlikely as solid global growth supports exports.

The government set aside 2 trillion yen in December last year to allow for the MOF and the DBJ to buy CP as part of a set of emergency measures aimed at easing the pain of the global financial crisis. It has so far bought 361 billion yen of CP, the Nikkei said. (Reporting by Leika Kihara; Editing by Hugh Lawson)