March 23, 2020 / 3:59 AM / 18 days ago

Banks borrow $34.9 billion from Bank of Japan's 1-week dollar funding operation on Monday

FILE PHOTO : A security guard walks past in front of the Bank of Japan headquarters in Tokyo, Japan January 23, 2019. REUTERS/Issei Kato/File Photo

TOKYO (Reuters) - Banks borrowed $34.85 billion from the Bank of Japan’s one-week dollar funding operation on Monday, as dollar liquidity remained tight in financial markets with various players hoarding the currency needed for international settlements.

The BOJ said last week it will conduct dollar funding operations every day in coming weeks to ease tensions in the markets as investors braced for a recession in the global economy.

Reporting by Hideyuki Sano; Editing by Muralikumar Anantharaman

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below