BoJ injects more funds

Published September 30, 2008

TOKYO, Sept 29: Japan’s central bank on Monday injected 1.9 trillion yen (17.8 billion dollars) into the Tokyo money market to ease strains caused by recent financial turmoil on Wall Street.

It was the ninth consecutive business day that the Bank of Japan (BoJ) has pumped emergency funds into the domestic financial system.

The central bank added 1.5 trillion yen to the money market in the morning and a further 400 billion yen in the afternoon.

The BoJ and other major central banks are working together to ensure a flow of liquidity due to a credit crunch that pushed Lehman Brothers into bankruptcy. The latest injection came as Asian markets gave a cautious reaction to a deal by US lawmakers on a massive Wall Street bailout. —AFP

Opinion

Editorial

Centre vs provinces
Updated 10 Jun, 2026

Centre vs provinces

The reason the centre finds itself in this position is rooted in its failure to expand the tax net and boost revenues.
Party in crisis
10 Jun, 2026

Party in crisis

THE young KP chief minister must be starting to realise just how thorny a seat he occupies. There has been a flurry...
Varsity woes
10 Jun, 2026

Varsity woes

FINANCIAL crises affecting public sector universities across Pakistan are now having an impact on academic...
Doctor attacked
09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...
AJK flare-up
Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.
Fault lines
09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....