BOJ injects ample liquidity into banking system.TOKYO, Sept. 19 Kyodo The Bank of Japan (BOJ BOJ Bank Of Japan BOJ Bank of Jamaica BOJ Bourgas, Bulgaria (Airport Code) BOJ Beginning of Job ) on Wednesday injected ample liquidity into the banking system, leaving the cash reserves Cash reserves See: Cash investments cash reserves Investment funds that are held in short-term assets such as Treasury bills and certificates of deposit until more permanent investment opportunities are available. in accounts held at the BOJ by financial institutions at around 9.5 trillion yen, up 1.4 trillion yen from Tuesday. The move follows a decision by the central bank Tuesday to further ease credit to help prevent a global recession and to keep the cash balance in financial institutions' BOJ current accounts at more than 6 trillion yen for the time being. The BOJ decided at a policy-setting meeting Tuesday to further ease its grip on credit to help quell fears of a global recession in the wake of last week's terrorist attacks in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . In announcing the new policy, BOJ Governor Masaru Hayami Masaru Hayami (速水優, b. March 24, 1925) is a Japanese businessman from Kobe. He graduated from Hitotsubashi University. The former CEO of the Nissho Iwai Corporation, he later served as governor of the Bank of Japan (BOJ) from 1998 to 2003. said Tuesday that the bank will continue to provide funds to keep the cash balance at 8 trillion yen or more as long as there is a strong need for liquidity. |
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