Bank of Japan injects 2.5 trillion yen
The Bank of Japan said it poured 2.5 trillion yen ($23.9 billion) into money markets on Thursday in two injections as financial markets saw more turbulence.
By Agencies |
TOKYO: The Bank of Japan said it poured 2.5 trillion yen ($23.9 billion) into money markets on Thursday in two injections as financial markets saw more turbulence.
The Japanese central bank has made two emergency injections daily for the past three days. The latest brings the total to 8 trillion yen since Tuesday.
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 since the collapse of US investment bank Lehman Brothers.
The US government bailout of major insurer American International Group (AIG) has failed to quell worries over the global financial system, with stock markets around the world hit by a fresh round of selling.
The Tokyo Stock Exchange's benchmark Nikkei-225 index was down by more than 3 per cent in the morning session.
Bank of Japan governor Masaaki Shirakawa on Wednesday hailed the US bailout of AIG, noting his own experiences in the central bank in the 1990s when Japan was accused of being too tepid in fixing its financial sector.
The Japanese central bank has made two emergency injections daily for the past three days. The latest brings the total to 8 trillion yen since Tuesday.
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 since the collapse of US investment bank Lehman Brothers.
The US government bailout of major insurer American International Group (AIG) has failed to quell worries over the global financial system, with stock markets around the world hit by a fresh round of selling.
The Tokyo Stock Exchange's benchmark Nikkei-225 index was down by more than 3 per cent in the morning session.
Bank of Japan governor Masaaki Shirakawa on Wednesday hailed the US bailout of AIG, noting his own experiences in the central bank in the 1990s when Japan was accused of being too tepid in fixing its financial sector.
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