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Article: Squeeze in money markets countered
- Article from:
- International Herald Tribune
- Article date:
- December 14, 2007
- Author:
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From news reports Reuters, Bloomberg
International Herald Tribune
12-14-2007
Squeeze in money markets countered
Byline: From news reports Reuters, Bloomberg
Edition: 1
Section: FINANCE/BUSINESS
TOKYO --
The Bank of Japan said Thursday that it would act as needed to relieve strains from year-end financing needs, while Australia's central bank pledged support for a coordinated plan by the U.S. Federal Reserve and others to counter a severe money market squeeze.
The Bank of Japan repeated its statement of support after several top central banks - the Fed, the European Central Bank, Bank of England, Bank of Canada and Swiss National Bank - announced a new short-term lending facility and other ...