2), pp. 936-66. For interesting analysis on the Japanese experience, see Alan Ahearne, Joseph Gagnon, Jane Haltmaier, and Steven Kamin (2002), "Preventing Deflation: Lessons from Japan's Experience in the 1990s," International Finance Discussion Papers 729 (Washington: Board of Governors of the Federal Reserve System, June).
With this facility, the Bank provides long-term funds at a low interest rate to financial institutions for their lending and investment to areas that are expected to contribute to strengthening Japan’s growth potential, such as medical and nursing care; environment and energy; agriculture, forestry, and fisheries; and tourism.