Wednesday, December 3, 2008 5:36 am | 
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BOJ takes steps to thaw credit crunch
In an extraordinary monetary policy meeting Tuesday, the Bank of Japan said it would help companies get operating funds toward the yearend by accepting lower-rated corporate debt from banks as collateral for loans.
[THE JAPAN TIMES]
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While low-cost carriers have since long been successfully operating throughout the U.S., Europe, and southern Asia, Japan has seen very little of the low-price action.
