Bank of Japan pumps more money into system

- Central Banking staff
- 27 Sep 2001

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JAPAN - The Japanese central bank, aiming to shore up confidence in the nation's financial markets ahead of a key accounting deadline this week, continues to pump vast amounts of cash into the economy.

The Bank of Japan Wednesday 26 September raised to 10.9 trillion yen (100.47 billion euros) the reserves it holds on behalf of private-sector banks, traders estimated. That figure was up 1.5 trillion yen from the day before, and far above the target of six trillion yen it had maintained until the

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