The Bank of Japan siphoned ¥1.6 trillion from the financial system Tuesday after adding money for the previous two business days to anchor interest rates.
The central bank removed ¥600 billion at 9:20 a.m. and withdrew another ¥1 trillion almost four hours later. The BOJ had provided ¥1.6 trillion since Friday to rein in rates toward its target of 0.5 percent, joining U.S. and European central banks to help avert a crisis of confidence in global credit markets.
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