BOJ signals easy policy intact, focus on fund injection

BOJ signals easy policy intact, focus on fund injection

Bank of Japan Governor Masaaki Shirakawa reiterated the central bank’s resolve to maintain its ultra-easy monetary policy following Friday’s Group of Seven agreement to join in a rare coordinated intervention to restrain soaring yen.

The central bank is also determined to flood markets with more cash than banks can swallow to keep market rates low and will refrain from draining funds injected through Tokyo’s yen-selling intervention, sources familiar with the matter told Reuters. …

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