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Japan Pumps Cash Into Market

Interest rate hikes unlikely

By Peter Fearon,  Newser Staff

Posted Aug 13, 2007 12:16 AM CDT

(Newser) – The Bank of Japan pumped $5.1 billion into the Japanese financial system today as the  global credit crunch continued to ripple through the Asian markets, Bloomberg reports. Adding to the jitters, Japan's growth is slowing more markedly than economists predicted; the world's second-largest economy...   Read full story »

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