Japan Cash at Central Bank to Hits Record on Crisis Steps
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Japan’s central bank pumped a record amount of funds into the financial system since March 11 to calm markets and soften the economic impact of the earthquake and tsunami.
Lenders’ deposits with the central bank will jump an estimated 146 percent to an all-time high of 43.6 trillion yen ($539 billion) today, from 17.7 trillion yen the day before the temblor struck, the Bank of Japan said in a release in Tokyo.