March 24, 2020 / 3:02 AM / 15 days ago

Banks borrow record $89.3 bln from BOJ's dollar funding operations on Tuesday

TOKYO, March 24 (Reuters) - Banks borrowed a total of $89.3 billion in the Bank of Japan’s two dollar funding operations on Tuesday, the central bank said after it offered three-month and one-week funds to market players who were seeking dollar funding.

The takeup was well beyond its previous record of $50.2 billion, hit on October 21, 2008, during the global financial crisis. (Reporting by Hideyuki Sano; Editing by Muralikumar Anantharaman)

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