Japan's Central Bank Injects Another $5 Billion Into System Amid US Mortgage Woes

AP:

Japan's central bank injected 600 billion yen ($5 billion) into money markets Monday, a bank spokeswoman said, amid global worries about dubious U.S. mortgages.

It was the second trading day in a row that the Bank of Japan has pumped money into the markets, BOJ spokeswoman Naomi Mariko said.

On Friday, the U.S., European, Australian and Japanese central banks injected funds into money markets as stocks dropped on concerns over U.S. subprime mortgage problems.

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