BANK OF JAPAN

  • World central banks join hands, make historic rate cut October 9, 2008

    Washington: Central banks around the world cut interest rates on Wednesday in their first broadly coordinated policy action in history, as fears of a deep recession banished recent worries over inflation. In an attempt to stem the worst global financial crisis since the 1930s, the US Federal Reserve, European Central Bank,...
  • US Fed Reserve steps up action to stem global crisis September 18, 2008

    Washington: Scrambling to break the grip of a worsening global credit crisis, the Federal Reserve on Thursday pumped $55 billion into the United States' financial system. The Federal Reserve Bank of New York's came in two operations injecting cash into temporary reserves, a move aimed to help ease a strained financial...