Bank of Japan pumps emergency funds into money market

Agence France-Presse - 9/30/2008 1:01 AM GMT

Japan's central bank Tuesday injected 2.0 trillion yen (19.2 billion dollars) of emergency funds into the Tokyo money market to try to calm renewed financial turmoil.

It was the 10th consecutive business day that the Bank of Japan has pumped cash into the domestic financial system to try to keep credit flowing.

The move came as Tokyo share prices plunged almost five percent after US lawmakers rejected a massive financial bailout plan, triggering the biggest single-day point decline ever on Wall Street.

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