March 15, 2020 / 11:35 PM / 19 days ago

BOJ says will strive to maintain smooth market functioning

TOKYO (Reuters) - The Bank of Japan will strive to maintain smooth market functioning even though no specific country, region or financial institutions are facing difficulty procuring funds now, a BOJ official said on Monday.

The comment came after the BOJ joined the central banks of the United States, the euro zone, Canada, Britain and Switzerland to offer three-month credit in U.S. dollars on a regular basis and at a rate cheaper than usual.

Reporting by Takahiko Wada, writing by Leika Kihara; Editing by Chang-Ran Kim

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