BOJ boosts liquidity in money market to over 28 tril. yen.TOKYO, May 21 Kyodo The Bank of Japan (BOJ BOJ Bank Of Japan BOJ Bank of Jamaica BOJ Bourgas, Bulgaria (Airport Code) BOJ Beginning of Job ) pumped more liquidity into the money market Wednesday Wednesday: see week. , raising the estimated outstanding balance of current accounts held by private financial institutions at the central bank to 28.6 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. yen, up 700 billion yen from the previous day, BOJ officials said. The action followed the BOJ's decision Tuesday to raise the upper limit of its liquidity target by 3 trillion yen to 27-30 trillion yen to better cope with uncertainties in the nation's financial system in the wake of the government's decision to bail out Resona Bank. With the move, the outstanding balance of current accounts has grown to the highest level since April 2, when the amount reached around 31.1 trillion yen. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion