BoJ pumps another five trillion yen into market | business | Hindustan Times
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BoJ pumps another five trillion yen into market

business Updated: Mar 17, 2011 10:42 IST

AFP
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The Bank of Japan on Thursday pumped five trillion yen into the financial system to soothe money markets shaken by Japan's biggest ever earthquake, a devastating tsunami and a nuclear emergency.



The move raised its total funds injection to 33 trillion yen as the central bank aims to help stabilise the short-term money market, making good on an earlier pledge that it would unleash "massive" funds following the disasters.