A year after the fall of Lehman Brothers Holdings Inc. shocked the global financial system, "the acute symptoms are fading," Shirakawa told a news conference after a meeting of the central bank's policy board.
He noted that companies with lower credit ratings are having an easier time issuing bonds and commercial paper but that small and midsize firms are still struggling to maintain working capital.
The board voted unanimously to keep the target interest rate for overnight lending at 0.1 per cent. It also upgraded its economic assessment for the first time in two months, concluding that "economic conditions are showing signs of recovery."
(Nikkei) cg

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