BOJ to pump nearly $16 billion to economy via loan scheme, amount doubles on new incentive

TOKYO (Reuters) - The Bank of Japan offered on Tuesday to pump 1.7 trillion yen (£12.83 billion) into the economy under its lending scheme aimed at boosting loans to companies hit by the widening fallout from the coronavirus pandemic.The amount offered to financial institutions at Tuesday's auction was nearly double that of the previous auction held on May 14, BOJ data showed, a sign that the programme is helping to channel money to cash-strapped firms suffering from the pandemic.The..