Bank of Japan to buy shares held by commercial banks

02/3/2009 | Agence France-Presse

To ease the credit crunch and ensure stability of the financial system, the Bank of Japan is planning to spend as much as 1 trillion yen to purchase shares held by banks. "Global financial and capital markets remain under severe strain," Japan's central bank said. "Against such a backdrop, Japan's stock market has also been unstable."

View Full Article in:

Agence France-Presse

Published in Brief: