Monday, October 6, 2008 - 03:00
AFP News Briefs ListJapan'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.
Images
Bank of Japan Governor Masaaki Shirakawa at a press event in Tokyo on September 18. Japan's central bank has said it injected 1.0 trillion yen (US$9.5-billion) into the short-term money market to try to ease strains on the financial system.
© 2007 AFP
