Yesterday I posted an article on how manufacturing and supply chains in Japan were disrupted by the earthquake. Many of these companies are going to need access to cheap and easy credit to help get them back up and running and rebuild their shattered infrastructure. So as the article above says it was expected.
The Bank of Japan on Thursday stepped up its battle to curb the negative economic impact from the March 11 earthquake and tsunami, saying it plans to offer 1 trillion yen ($11.7 billion) in cheap loans to encourage financial institutions in affected areas to play major roles in reconstruction work.
The move, widely expected by market players, came as the central bank's Policy Board ended its two-day meeting, in which the policymakers also agreed to keep the bank's key short-term interest rate at around zero to 0.1 percent and maintain its asset purchase fund at 10 trillion yen after it was raised from 5 trillion yen last month to support fundraising by firms.
The long term question is going to be how the massive amount of Quantitative Easing by both the Bank of Japan and the Federal Reserve will impact the USD/JPY exchange rate. An exchange rate that as a massive effect on the anime industry in both the U.S. and Japan.