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Banks borrow $34.9 billion from Bank of Japan's 1-week dollar funding operation

Kenyans247 / Kenyans247 / General / International Forum / Banks borrow $34.9 billion from Bank of Japan's 1-week dollar funding operation (13 View's)

Banks Borrow $34.9 Billion From Bank Of Japan's 1-week Dollar Funding Operation
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Banks borrow $34.9 billion from Bank of Japan's 1-week dollar funding operation by Kenyans247(m): Mon 23, March, 2020 07:51am
TOKYO (Reuters) - Banks borrowed $34.85 billion from the Bank of Japan’s one-week dollar funding operation on Monday, as dollar liquidity remained tight in financial markets with various players hoarding the currency needed for international settlements.

The BOJ said last week it will conduct dollar funding operations every day in coming weeks to ease tensions in the markets as investors braced for a recession in the global economy.

Reporting by Hideyuki Sano; Editing by Muralikumar Anantharaman

Our Standards:The Thomson Reuters Trust Principles. https://www.reuters.com/article/us-japan-money-boj/banks-borrow-34-9-billion-from-bank-of-japans-1-week-dollar-funding-operation-on-monday-idUSKBN21A0B0?il=0

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