Abe urges central bank to pre-empt credit squeeze
Analysts say he aims to calm markets post-Brexit, but is also worried about Japanese banks' heavy lending abroad
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Tokyo
PRIME Minister Shinzo Abe on Wednesday urged Bank of Japan (BOJ) governor Haruhiko Kuroda to ensure that the central bank provides ample funds to financial markets to forestall a credit squeeze in the wake of last week's Brexit shock.
The move was seen partly as reflecting Mr Abe's desire to calm markets in the run-up to next month's election in the Upper House, but some analysts have detected an undercurrent of concern about the situation of Japanese banks operating overseas as well.
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