Japan to Boost Dollar Loans to Curb Yen

The Japan government decided to expand a lending program that will use government-held dollars to increase foreign acquisitions and investments in natural resources to about 10 trillion yen (about $130 billion), aiming to rein in the Japanese currency, the Nikkei business daily reported.

The expansion is part of a package of policy responses to the strong yen that the cabinet is set to approve on Friday, the newspaper said. 

Earlier plans for the lending program run by the state-backed Japan Bank for International Cooperation had called for $100 billion, or roughly 7.7 trillion yen, in loans, the paper said. 

The dollar funding will come from a special government account for foreign exchange interventions, the Nikkei said. 

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Cloud Computing Expected to Create Yen

Cloud computing-related business is expected to create a market with a combined value of more than 40 trillion yen by 2020, a study by a government panel showed Monday.

The study by the Ministry of Economy, Trade and Industry panel also forecast that the expansion of cloud computing, which allows software and stored data to be accessed remotely via the Internet, could reduce carbon dioxide emissions by about 7 percent from 1990 levels as it makes information processing more efficient.

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