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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.
Updated on: Mar 17, 2011, 10:42:56 IST
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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.
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