Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Japan 03 03 - Direct long-term lending JPY
Japan 03A 03A - Long-term lending JPY IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020)

Concessional loans from public and private financial institutions (included in the amount of the Emergency Economic Package Against COVID-19; see Measure 5).

Japan 03B 03B - Forbearance JPY
Japan 07 07 - Central bank financing government JPY
Japan 07A 07A - Direct lending and reserve drawdown JPY
Japan 07B 07B - Secondary purchase: government securities JPY IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020); BOJ. https://www.boj.or.jp/en/announcements/release_2020/k200427a.pdf (accessed 1 May 2020).

No amount/estimate: The BOJ will purchase a necessary amount of JGBs without setting an upper limit so that 10-year JGB yields will remain at around 0%.

United Kingdom 03 03 - Direct long-term lending GBP 520,000,000 643,813,182
United Kingdom 03A 03A - Long-term lending GBP 520,000,000 643,813,182 Bank of England. https://bit.ly/3fGui67 (accessed 13 April 2020); Bank of England. https://bit.ly/37JL1CO (accessed 13 April 2020); GOV.UK. https://www.gov.uk/government/news/157-billion-investment-to-protect-britains-world-class-cultural-arts-and-heritage-institutions (accessed 12 July 2020).

(i) May 20, Future Fund is launched. To bolster high-tech start-ups, the new GBP500 million Future Fund provides between GBP125,000 and GBP5 million for UK based-business as long as the cash is matched by private investors (i.e. government is committing GBP250 million, with the other GBP250 million expected to be raised by the private sector). The scheme is initially open until September and will be delivered by the British Business Bank. If the government loan is not repaid within three years, it gets automatically converted into an equity stake at 20% discount to the valuation set in the next funding round; (ii) July 5, The package in support for cultural organisations includes GBP270 million of repayable finance.

United Kingdom 03B 03B - Forbearance GBP Financial Conduct Authority (FCA). https://bit.ly/317ekOe (accessed 15 April 2020); FCA. https://www.fca.org.uk/news/press-releases/fca-confirms-further-support-motor-finance-and-high-cost-credit-customers (accessed 16 July 2020).

No amount/estimate: (i) April 9, The Financial Conduct Authority (FCA) introduced a package of targeted temporary measures to support customers affected by coronavirus, including by setting the expectation for firms to offer a payment freeze on loans and credit cards for up to three months; (ii) July 15, The FCA has confirmed the support that will be available for users of motor finance, buy-now pay-later (BNPL), rent-to-own (RTO), pawnbroking and high-cost short-term credit (HCSTC) products, who continue to face payment difficulties due to COVID-19. Measures include: (a) Firms should contact customers if they can resume payments – and if so, agree a plan on how the missed payments could be repaid, (b) For customers with still payment difficulties, firms will freeze or reduce payments to a level they can afford, on their motor finance, BNPL or RTO agreements for a further 3 months, (c) Customers that have not yet had a payment freeze or requested an extension of an existing payment freeze can request this up until 31 October 2020, (d) HCSTC customers can only apply for a payment freeze under this guidance once up to 31 October 2020, (e) The ban on repossessions will continue until 31 October 2020, and (f) Any payment freezes or partial payment freezes offered under this guidance should not have a negative impact on credit files.

United Kingdom 07 07 - Central bank financing government GBP 304,370,000,000 376,841,188,750
United Kingdom 07A 07A - Direct lending and reserve drawdown GBP 4,370,000,000 5,410,506,932 Bank of England. https://bit.ly/314hQcj (accessed 13 April 2020).

(i) April 9, HM Treasury and the BoE announced temporary extension to Ways and Means (W&M) facility. As of May 13, drawings under the W&M facility remain at GBP370 million; (ii) April 2020, There was a GBP4.0 billion dividend transfer from the Bank of England Asset Purchase Facility Fund (BEAPFF) to HM Treasury.

United Kingdom 07B 07B - Secondary purchase: government securities GBP 300,000,000,000 371,430,681,818 OECD. http://www.oecd.org/coronavirus/en/ (accessed 19 April 2020); Bank of England. https://bit.ly/3emqNkY (accessed 12 June 2020); Bank of England. https://www.bankofengland.co.uk/markets/market-notices/2020/asset-purchase-facility-gilt-purchases-june-2020 (accessed 22 June 2020); Bank of England. https://www.bankofengland.co.uk/markets/bank-of-england-market-operations-guide/results-and-usage-data (5 September 2020).

March 19, Increase BoE's holdings of UKG government and corporate bonds by GBP200 billion to a total of GBP645 billion, financed by central bank reserves. June 18, The Bank of England announced an increase in the stock of purchases of UK government bonds, financed by central bank reserves, by an additional GBP100 billion, to take the total stock of asset purchases to GBP745 billion. As of September 2, Current gilt purchases stood at GBP662.678 billion [update].

Japan 03 03 - Direct long-term lending JPY
Japan 03A 03A - Long-term lending JPY IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020).

Concessional loans from public and private financial institutions (included in the amount of the Emergency Economic Package Against COVID-19 of JPY108.2 trillion).

Japan 03B 03B - Forbearance JPY
Japan 07 07 - Central bank financing government JPY
Japan 07A 07A - Direct lending and reserve drawdown JPY
Japan 07B 07B - Secondary purchase: government securities JPY IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020).

No amount/estimate: Increase in the size and frequency of Japanese government bond purchases.

United Kingdom 03 03 - Direct long-term lending GBP 250,000,000 309,405,941
United Kingdom 03A 03A - Long-term lending GBP 250,000,000 309,405,941 Bank of England. https://www.bankofengland.co.uk/markets/market-notices/2020/term-funding-scheme-market-notice-mar-2020 (accessed 13 April 2020); Bank of England. https://www.bankofengland.co.uk/news/2020/march/boe-measures-to-respond-to-the-economic-shock-from-covid-19 (accessed 13 April 2020).

(i) May 20, Future Fund is launched. To bolster high-tech start-ups, the new GBP500 million Future Fund provides between GBP125,000 and GBP5 million for UK based-business as long as the cash is matched by private investors (i.e. government is committing GBP250 million, with the other GBP250 million expected to be raised by the private sector). The scheme is initially open until September and will be delivered by the British Business Bank. If the government loan is not repaid within three years, it gets automatically converted into an equity stake at 20% discount to the valuation set in the next funding round; (ii) July 5, The package in support for cultural organisations includes GBP270 million of repayable finance.

United Kingdom 03B 03B - Forbearance GBP Financial Conduct Authority. https://www.fca.org.uk/print/news/press-releases/fca-confirms-temporary-financial-relief-customers-impacted-coronavirus (accessed 15 April 2020)

No amount/estimate: April 9, The Financial Conduct Authority (FCA) introduced a package of targeted temporary measures to support customers affected by coronavirus, including by setting the expectation for firms to offer a payment freeze on loans and credit cards for up to three months.

United Kingdom 07 07 - Central bank financing government GBP 204,370,000,000 253,030,961,477
United Kingdom 07A 07A - Direct lending and reserve drawdown GBP 4,370,000,000 5,410,506,932 Bank of England. https://www.bankofengland.co.uk/-/media/boe/files/news/2020/april/hmt-and-boe-announce-temporary-extension-to-ways-and-means-facility.pdf?la=en&hash=974CAE1A89719CFB8CAAC7233C95842E2B763895 (accessed 13 April 2020).

(i) April 9, HM Treasury and the BoE announced temporary extension to Ways and Means (W&M) facility; (ii) April 2020, There was a GBP4.0 billion dividend transfer from the Bank of England Asset Purchase Facility Fund (BEAPFF) to HM Treasury.

United Kingdom 07B 07B - Secondary purchase: government securities GBP 200,000,000,000 247,620,454,545 OECD. http://www.oecd.org/coronavirus/en/ (accessed 19 April 2020); Bank of England. https://www.bankofengland.co.uk/markets/bank-of-england-market-operations-guide/results-and-usage-data (accessed 18 April 2020).

(i) March 19, Increase BoE's holdings of UKG government and corporate bonds by GBP200 billion to a total of GBP645 billion, financed by central bank reserves; (ii) Total allocation in the Asset Purchase Facility - Gilt Purchase Operations from March 18 to April 19 amounted GBP50.407 billion [update].