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                    [Title] => Bank of Japan drains funds for first time in seven days
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TOKYO (AFP) - Japan's central bank said Friday it was draining funds from the banking system for the first time in seven days in the wake of recent market turmoil.
The Bank of Japan move contrasts with the US Federal Reserve, which injected 17.25 billion dollars into the financial system Thursday, one factor cited by dealers in driving Wall Street lower overnight.
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abtest

BOJ actions fuel yen’s biggest rally

By Wilson Sy | May 6, 2024 - 12:00am

The Japanese yen surged 3.39 percent against the US dollar last week. 

Business

Japan inflation hits four-decade high in October

November 21, 2022 - 12:00am

Japanese inflation hit a four-decade high last month, government data showed Friday, fuelled by high energy costs and a weak yen and ramping up pressure on the central bank to move away from its ultra-loose monetary...

Business

BOJ survey shows uptick in business outlook

April 4, 2017 - 12:00am

Japanese manufacturers are feeling slightly more upbeat than they were late last year, according to a quarterly survey by the Bank of Japan (BOJ) released yesterday.

Business

Japan's central bank floods money markets for 6th straight day

March 22, 2011 - 2:33pm

The Bank of Japan (BOJ) on Tuesday flooded the money market with 24.7 billion U.S. dollars in order to ensure interest rates don't spike and regional banks and other institutions can continue to lend to each other...

Bank of Japan drains funds for first time in seven days

August 24, 2007 - 10:47am

TOKYO (AFP) - Japan's central bank said Friday it was draining funds from the banking system for the first time in seven days in the wake of recent market turmoil. The Bank of Japan move contrasts with the US Federal...

Nation