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

The Bank of Japan today 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.

business Updated: Mar 17, 2011 10:42 IST

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.