Bank of Japan pumps additional 14 billion dollars into markets

Business Materials 18 September 2008 07:45 (UTC +04:00)

The Bank of Japan (BOJ) injected 1.5 trillion yen (14.3 billion dollars) into the money market Thursday to stabilize the markets affected by the fallout from the collapse of US investment bank Lehman Brothers earlier this week, reported dpa.

Japan's central bank moved on its emergency operation for the third day.

BOJ pumped 5.5 trillion yen into the markets over the last two days, while banks said potential losses from the collapse were relatively small as they had limited their exposure.

Meanwhile, the bank decided to maintain its key short-term interest rate unchanged at 0.5 per cent at the two-day policy board meeting Wednesday.