12 Mar UPDATE 2-Central banks boost liquidity as market panic triggers dash for cash
Asian markets looked to
policymakers on Friday to help ease a liquidity squeeze as
cratering stock markets triggered a rush for cash, driving many
regional currencies lower and threatening a surge in short-term
borrowing costs.
Japan’s central bank pledged to buy 200 billion yen ($1.90
billion) of five-to 10-year Japanese government bonds and also
inject an additional 1.5 trillion yen in two-week
loans.
policymakers on Friday to help ease a liquidity squeeze as
cratering stock markets triggered a rush for cash, driving many
regional currencies lower and threatening a surge in short-term
borrowing costs.
Japan’s central bank pledged to buy 200 billion yen ($1.90
billion) of five-to 10-year Japanese government bonds and also
inject an additional 1.5 trillion yen in two-week
loans.
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