Tuesday, October 7, 2008

Japan's central bank to supply $20 bln

The Bank of Japan has launched its second dollar-funds supply operation to inject 20 billion-dollar in a bid to ease liquidity crunch on financial markets.The BOJ will lend 20 billion dollars for three months to banks and other financial institutions engaging in the Tokyo money market.The central bank injected 1 trillion yen into the Tokyo money market on Tuesday for the 15th business day of emergency operations designed to facilitate interbank borrowing amid the global financial market turmoil.

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