BoJ fund draining casts doubt over prospects

JAPAN - The Bank of Japan has withdrawn much of the extra money that it pumped into the Japanese economy in the wake of the 11 September terrorist attacks, casting further doubts over the country's dismal growth outlook.

In the past week and a half, Japan's central bank shrank the segment of the monetary base it most closely controls to 7.5 trillion yen ($62.5 billion) from 12.5 trillion yen at the end of September.

The contraction of credit left current-account balances - spare money the bank

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