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Bank of Japan injects two trillion yen

The Bank of Japan said today it had injected two trillion yen ($19 billion) into money markets amid continuing concerns over turmoil in financial markets.

The Japanese central bank has made emergency injections daily for the past four days. The latest brings the total to 10 trillion yen since Tuesday.        

The world's central banks have pumped hundreds of billions of dollars into money markets to ensure the supply of funds does not dry up since the collapse of US investment bank Lehman Brothers.        

The world's top central banks also announced a huge operation to boost the volume of dollars available to strangled money markets as global financial turmoil ripped deeper into confidence. The US Federal Reserve agreed to inject $180 billion as part of a global total of $300 billion.         

The Tokyo Stock Exchange's benchmark Nikkei-225 index opened higher today following an overnight rebound on Wall Street after the concerted action by the world's central banks and talks on measures to rescue troubled financial firms.          
Bank of Japan governor Masaaki Shirakawa said yesterday: "The tension in international financial markets has been rapidly increasing and spreading to unexpected areas," voicing hope that central banks' measures would contribute to the stability of international markets.

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