BOJ INJECTS MORE

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STORY: BOJ INJECTS MORE DATELINE: March 15, 2011 LENGTH: 0:01:09 LOCATION: Tokyo VO: The Bank of Japan is working to buffer the financial markets from the country's earthquake disaster. It's pumped another 20 trillion yen, or 245 billion US dollars, into the local money market. The central bank immediately injected 8 trillion yen into the markets, while saying it will provide remaining 12 trillion yen against certain collateral on Wednesday and Thursday. That vast sum follows an even larger move on Monday in which the central bank said it would inject a record 15 trillion yen. The move is expected to soothe money markets shaken by Japan's biggest earthquake, a devastating tsunami, and a nuclear emergency. The central bank said it will double a five trillion yen asset purchase scheme to help buffer the economy from the shock of the catastrophes. The central bank's priority is to ensure that financial institutions in disaster-hit regions have enough funds. Over the weekend it pro Powered by www.newslook.com Producer : Xinhua News Agency

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