The Bank of Japan (BOJ) on Thursday put 1.5 trillion yen (14.3 billion U.S. dollars) into Tokyo's money market to regulate the market.
The input of the money came for a third straight day of emergency operation following two previous day's injection of 2.5 trillion yen and 2 trillion yen respectively amid global financial market upheavals, including the collapse of U.S. investment bank Lehman Brothers.
On Wednesday, BOJ governor Masaaki Shirakawa hailed the U.S. Federal Reserve's bailout of troubled American International GroupInc. (AIG) as the "right decision," saying that the market turbulence worldwide was not to destabilize Japan's financial system.
As countermeasures, the BOJ retained its benchmark interest rate at 0.50 percent in addition to the input of money into short-term financial market.
Source:Xinhua
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