The new lending program will build on one announced last November by the Federal Reserve.

VOA: special.2009.02.13

Japanese stocks fell Wednesday, a day after the central bank approved a new lending program to boost the country's stagnant economy.

VOA: standard.2009.12.03

South Korean analysts say the North's notification of its plans is aimed at lending legitimacy to the launch, which Pyongyang says is part of a space research program.

VOA: standard.2009.03.12

Until now these prime dealers could borrow through the Fed's overnight repo program, in which they get cash from the Fed in exchange for certain securities, or through its overnight securities lending program, which trades bonds for bonds.

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Instead, the evidence appears to indicate that the CCC lending program merely reroutes existing trade flows.

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Furthermore, the Bank of Japan will undoubtedly continue to ramp up its asset-buying and lending program.

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