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| Sep 25, 2008 | |
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BoJ injects more funds
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| 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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