Detailed text transcripts for TV channel - CNN - 20110314:09:40:00
They are rallying in south korea. the bank of japan, the central bank met and decided to take swift action. it is going to pump a record amount of money into the financial system. $183 billion. to make sure there is enough money in the financial system so the banks can lend to each other and lend to anyone who would want to take out a loan. the idea is to keep confidence in the financial system. there is uncertainty and fears in japan, broad fears so the boj trying to calm any fears people might have about the financial system. there was one piece of good news that helped to calm fears. standa...