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ECONOMY

BOJ to pump 500-b.-yen liquidity again to calm markets

  • March 13, 2020
  • , Jiji Press , 11:09 a.m.
  • English Press
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Tokyo, March 13 (Jiji Press)–The Bank of Japan said Friday that it will again provide 500 billion yen in short-term liquidity, in a bid to calm financial markets roiled by the new coronavirus.
   

The central bank will provide the liquidity by buying government securities from financial institutions with repurchase agreements.
   

The BOJ conducted the same operation on March 2 and 3, while boosting its daily purchases of exchange-traded funds, or ETFs, from about 70 billion yen to 100 billion yen.
   

On Friday, the BOJ, the Finance Ministry and the Financial Services Agency will hold an emergency meeting on financial markets.

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