By Michael Kitchen LOS ANGELES (MarketWatch) -- The Bank of Japan said Tuesday it would offer financial institutions up to 3 trillion yen ($32.8 billion) in new lending, while also leaving its key policy rate unchanged at 0.1% as widely expected. The new lending facility will be temporary, with funds possibly available by "about" the end of August, the central bank said. Each counterparty will be allowed to borrow up to 150 billion yen on a one-year basis and will be able to roll over the loans up to three times, it said. The BOJ also said the economy "shows further signs of a moderate recovery, induced by improvement in overseas economic conditions."

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