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Article: 3 nations pump $33 billion into money markets
- Article from:
- International Herald Tribune
- Article date:
- September 18, 2008
- Author:
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Reuters
International Herald Tribune
09-18-2008
3 nations pump $33 billion into money markets
Byline: Reuters
Edition: 2
Section: FINANCE/BUSINESS
SINGAPORE --
Japan, Australia and India pumped a combined $33 billion into money markets Wednesday as a U.S. government rescue of the insurer AIG failed to soothe frayed nerves and ease a financing squeeze set off by the crisis engulfing Wall Street.
Across Asia, which has been largely shielded from the worst of the credit crisis, central banks were bracing for more market turmoil.
By a unanimous vote of its board, the Bank of Japan kept its benchmark interest rate target at 0.5 percent Wednesday, as expected. The central bank's governor, Masaaki ...