Business @ AsiaOne

BoJ pours $19.4b into mkt

It is trying to keep cash flowing amid another day of losses. -AFP

Fri, Oct 03, 2008
AFP

TOKYO, JAPAN - THE Bank of Japan said it injected 800 billion yen (S$19.4 billion) into the financial system on Friday as it tries to keep cash flowing while stock markets entered another day of losses.

It marked the 13th straight business day that the Bank of Japan has pumped money into the Tokyo market, part of efforts by the world's central banks to ensure that liquidity vital to the markets does not dry up.

 
 
 
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