BOJ: Banks borrow record $89.3 billion from dollar funding operations

Amid ongoing liquidity crunch due to the coronavirus chaos, the Bank of Japan (BOJ) said on Tuesday, banks borrowed a total of $89.3 billion (76.69 billion pounds) from the central bank’s one-week dollar funding operation.

The borrowing was well beyond its previous record of $50.2 billion, hit on October 21, 2008, during the global financial crisis (GFC), as Reuters reports.

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