BOJ to mull offering two-year funds in market operations: sources

http://www.reuters.com/article/2013/05/31/us-boj-idUSBRE94U0SE20130531

The longest period for which the central bank offers funds in fixed-rate market operations is currently one year.
Central bankers are entertaining the idea of expanding that to two years, for the first time ever, in order to bring more flexibility by pumping longer-term cheap money into markets, as advocated by some market participants at a meeting with BOJ officials on Wednesday, the sources said.
Any such move would require a change in the BOJ's internal rules and needs approval by its nine board members, who may discuss the idea as early as its next policy review on June 10-11 after scrutinizing market moves beforehand.