BoJ to inject $9.1 billion to help stabilize mkt

The Bank of Japan is prepared to inject $9.1 billion into the financial system in an effort to stabilise markets. PM Junichiro Koizumi approved a decision on Saturday 29 November to purchase all of Ashikaga Financial Group's stocks to temporarily put the bank under government control after it fell into insolvency.

Source: Associated Press

Japan's central bank said Monday it is prepared to inject $9.1 billion into the financial system to help stabilize markets unnerved by a weekend announcement

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