The Bank of Japan (BOJ) poured 3.5 trillion yen into the Tokyo money market Friday in a bid to regulate the market in short-term finance between banks and other financial institutions.
Following the injection of 2 trillion yen in the morning, the central bank added 1.5 trillion yen later in the day.
The input of liquidity came for the 18th consecutive working day of emergency operation in response to a jump of overnight call money rates to 0.73 percent, which stood well above the BOJ's 0.5 percent target, amid global financial market upheavals triggered by the collapse of U.S. investment bank Lehman Brothers.
Source:Xinhua
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