Central Banking

BOJ steps in after Tokyo blackout

The Bank of Japan began supplying emergency funds Monday 14 August to the interbank market after a blackout halted fund settlements.

The power failure paralysed Tokyo's subway system as well as much of the capital, though the Tokyo Stock Exchange, Tokyo Financial Exchange and the Tokyo foreign exchange markets all operated normally, the Mainichi Daily News reported.

The BOJ injected cash into the money market, and the Japan Bond Trading Co. delayed the start of inter-dealer trading for 25 minut

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