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Home > Breaking News > Money > Story

Sep 25, 2008

BoJ injects more funds

The Bank of Japan pumped 1.0 trillion yen (S$13.4 billion) into the Tokyo money market. -- PHOTO: REUTERS

TOKYO - JAPAN'S central bank on Thursday injected emergency funds into the financial system for a seventh consecutive business day to try to prevent credit markets freezing up.

The Bank of Japan pumped 1.0 trillion yen (S$13.4 billion) into the Tokyo money market, according to data on its website.

The BoJ and other major central banks are working together to ensure a flow of liquidity due to a credit crunch that pushed Lehman Brothers into bankruptcy. -- AFP

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