TOKYO, Oct. 15 (Xinhua) -- The Bank of Japan (BOJ) pulled out 1 trillion yen from the Tokyo money market Wednesday, the first fund-absorption operation after it kept pumping money for 19 straight business days.
The central bank saw excess funds in the market for the day, after pumping liquidity since the failure of U.S. investment bank Lehman Brothers Holdings Inc. on Sept. 15.
Unsecured overnight call money rates that are applied to banks borrowing from each other were around or below the BOJ's official target of around 0.5 percent Wednesday morning.
