Thursday, October 31, 2013
BOJ, 5 Other Central Banks Extend Liquidity Swaps
TOKYO (NQN)--The Bank of Japan and five North American and European central banks announced Thursday that their temporary bilateral liquidity swap agreements, originally effective through Feb. 1, 2014, will be extended indefinitely. The move is aimed at preserving the existing functionality and stability of the financial market.
The other five banks are the Bank of Canada, the Bank of England, the European Central Bank, the U.S. Federal Reserve and the Swiss National Bank.
(Nikkei Quick News, Oct. 31)