Japan banks borrow record $89.3 billion from Bank of Japan as dollar shortage lingers
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TOKYO (Reuters) - Japanese banks borrowed a record $89.3 billion (76.69 billion pounds) in two Bank of Japan funding operations on Tuesday, suggesting strong demand for the dollar from the country's financial institutions. The take-up in the BOJ operations - one for one-week and the other for three-month - was well beyond its previous record of $50.2 billion, hit on October 21, 2008, during the global financial crisis. Liquidity demand is particularly tight ahead of March 31, the end of the..