Central banks in Japan and Australia added $15.7 billion to the financial system to hold down borrowing costs, slowing the pace of cash injections as a U.S. plan to buy banks’ bad debts eased credit-market jitters.
The Bank of Japan added ¥1.5 trillion ($14.1 billion) to the financial system in its fifth day of fund injections. The Reserve Bank of Australia added 2.025 billion Australian dollars ($1.6 billion) about a fifth lower than the daily average for last week.
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