The period was extended by three months for the fund-provisioning against loans that financial institutions make on the back of government support ("government-supported loans"). Firms' financing needs arise not only from the impact of COVID-19 but also for various reasons, such as an increase in working capital due, for example, to higher raw material prices.
From the viewpoint of meeting such a wide range of financing needs, the Bank decided that fund-provisioning under the Funds-Supplying Operations against Pooled Collateral, which previously had been limited to a bi-weekly basis and up to a maximum of 2 trillion yen, will be conducted without an upper limit.