BoJ injects S$27.2b into mkts
The Bank of Japan said Wednesday it injected two trillion yen (S$27.2 billion) into money markets in hopes of stabilising financial markets. -AFP
Wed, Sep 17, 2008
AFP
TOKYO, JAPAN - THE Bank of Japan said Wednesday it injected two trillion yen (S$27.2 billion) into money markets in hopes of stabilising financial markets.
The move came just a day after Japan's central bank put 2.5 trillion yen into the markets, which have been reeling from the collapse of US investment bank Lehman Brothers.
The world's central banks have pumped hundreds of billions of dollars into money markets to ensure the supply of funds does not dry up. -- AFP