Tuesday, July 07, 2009

Monday, October 6, 2008 - 03:00

AFP News Briefs List
 
Japan's central bank injects funds into market

Japan's central bank said it injected 1.0 trillion yen (9.5 billion dollars) into the short-term money market on Monday to try to ease strains on the financial system.

It marked the 14th straight business day that the Bank of Japan has pumped cash into Tokyo's short-term money market, part of efforts by the world's central banks to ensure that liquidity does not dry up.

The move came as Japanese share prices fell sharply in early trade following losses on Wall Street on Friday, despite US Congress's approval of a 700-billion-dollar Wall Street bailout bill.

     

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