BOJ INJECTS 18 TLN YEN

tvnportal
1.4K
10 views
  • About
  • Export
  • Add to
STORY: BOJ INJECTS 18 TLN YEN DATELINE: March 14, 2011 LENGTH: 0:03:53 LOCATION: Tokyo PKG Intro: The Bank of Japan decided Monday to inject a record 18 trillion Yen, or 220 billion U.S. dollars into the short-term money market. The move aims to ease concerns about the country's financial system after a devastating earthquake hit the country. Pkg: The emergency operation involved 15 trillion yen that was immediately injected, followed by another 3 trillion yen provided on Wednesday. The step is expected to calm markets, provide flexible funds to banks so as to protect them from funding problems, and prevent a sharp climb in interest rates. A statement following Monday's monetary policy meeting says, quote: "The Bank of Japan will continue to get a grip on the situation in financial markets and the operations of financial institutions, and stands ready to respond and act as necessary." (BANK OF JAPAN) CAM: This time's fund injection is the first since last May. It's such a large a Powered by www.newslook.com Producer : Xinhua News Agency

0 comments