BOJ says to offer dollar funds on May 18

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TOKYO, May 12 (BestGrowthStock) – The Bank of Japan said on Wednesday
it will conduct an auction as part of dollar fund-supply
operations on May 18 based on its decision on Monday to revive a
dollar swap facility with the U.S. Federal Reserve.

The central bank will offer an unlimited amount of dollar
funds against pooled collateral for a term of 84 days, it said.

The dollar swap arrangement is aimed at easing strains in
credit markets rattled by Greece’s debt woes.

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(Reporting by Tetsushi Kajimoro, Rie Ishiguro)

BOJ says to offer dollar funds on May 18