BoJ injects US$20b in Money markets

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BoJ injects US$20b -> straitstimes.com/BreakingNew … 23708.html

TOKYO - JAPAN’S central bank on Friday said it would inject more than US$20 billion (S$27.8 billion) in liquidity into financial markets amid market turmoil caused by the Greek debt crisis.
Prime Minister Yukio Hatoyama vowed his government would take necessary steps after Tokyo stocks dropped over four percent in morning trade following overnight panic selling on US markets.
‘I am very concerned,’ Mr Hatoyama told reporters. ‘The government should take responsible measures,’ he added without specifying what steps his centre-left government was considering.
The Bank of Japan on Friday offered to provide two trillion yen (S$30 billion) in liquidity to financial institutions against the banks’ collateral pooled at the BoJ.

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