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[Rogerdodger]

TOKYO, Aug. 17 (AP) - (Kyodo)—The Bank of Japan injected 1.2 trillion yen into the money market Friday to curb a rise in short-term interest rates. The central bank implemented the open-market operation because the unsecured overnight call money rate rose from its target of around 0.5 percent to 0.540 percent early in the morning.

The amount is the largest since the 1.5 trillion yen pumped into the market June 29.

OOPS! 15,723.14 - 425.35







Fear in the City as shares plunge again

By Harry Wallop, Consumers Affairs Correspondent

Last Updated: 1:34am BST 17/08/2007


Shares on the London stock market plunged yesterday in their biggest one-day fall for more than four years amid fears that the British economy could be badly damaged.

Edited by Rogerdodger, 16 August 2007 - 10:35 PM.