Japan Pledges to Be a Team Player; To Inject Liquidity During Global Emergency

“Japan’s central bank pledged to deploy its foreign-exchange assets as part of any international emergency response to turmoil in financial markets.

“Time may be necessary before international organizations and other relevant institutions are able to take necessary measures,” the Bank of Japan said in a statement in Tokyo today. The bank “would be prepared to provide foreign currency until international support is provided,” it said.”

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