Monday, August 20, 2007

Article 3

http://www.forbes.com/feeds/ap/2007/08/19/ap4033952.html

Abstract-
The Japanese central bank injected US 8.8 Billion into its money markets Monday. The Japanese say that this is a direct result to the decision of the U.S Federal Reserve to cut its key discount rate by half a percent. In recent weeks, major central banks have injected money into its money markets amid continuing worries over the U.S. subprime mortgage crisis.

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