TOKYO, Aug 24, 2007 (AFP) - Japan's central bank said Friday it was draining funds from the banking system for the first time in seven days in the wake of recent market turmoil.

The Bank of Japan move contrasts with the US Federal Reserve, which injected 17.25 billion dollars into the financial system Thursday, one factor cited by dealers in driving Wall Street lower overnight.

The Bank of Japan said it was siphoning off 300 billion yen (2.6 billion dollars), a relatively small amount for a central bank, to mop up excess liquidity.

FRANKFURT, Aug 21, 2007 (AFP) - The European Central Bank withdrew 35 billion euros (47.2 billion dollars) from the market on Tuesday in its first withdrawal since injecting more than 200 billion euros in the wake of the US credit crisis.

The ECB made the move in its weekly refinancing operation.

The bank made the cash injections to maintain liquidity faced with the subprime crisis in the US home loans sector.

TOKYO, Aug 15, 2007 (AFP) - The Bank of Japan on Wednesday siphoned off a further 2.0 trillion yen (17.0 billion dollars) in excess funds from the banking system as fears of a domestic credit squeeze faded.

The two-step move came a day after the central bank drained 1.6 trillion yen from the money market, the amount it had injected since Friday as part of concerted global efforts to ward off a potential credit squeeze.

TOKYO, Aug 15, 2007 (AFP) - The Bank of Japan announced Wednesday it would withdraw a further 1.5 trillion yen (12.8 billion dollars) in funds from the banking system following signs there is ample liquidity.

The move came a day after Japan's central bank drained 1.6 trillion yen from the money market, the amount it had injected since Friday as part of concerted global efforts to ward off a potential credit squeeze and stabilise markets.

TOKYO, Aug 15, 2007 (AFP) - The Bank of Japan announced Wednesday it would withdraw a further 1.5 trillion yen (12.8 billion dollars) in funds from the banking system following signs there is ample liquidity.

The move came a day after Japan's central bank drained 1.6 trillion yen from the money market, the amount it had injected since Friday as part of concerted global efforts to ward off a potential credit squeeze and stabilise markets.

TOKYO, Aug 14, 2007 (AFP) - The Bank of Japan said Tuesday it will withdraw an additional one trillion yen (8.5 billion dollars) of emergency funds from the banking system, after a recent easing of global market turmoil.

The announcement came just hours after the Japanese central bank said it would drain 600 billion yen out of the money market as fears of a credit crunch abated following massive fund injections by the world's central banks.

The two withdrawals siphon off all of the emergency funds pumped into the banking system by the BoJ over Friday and Monday.

TOKYO, Aug 14, 2007 (AFP) - The Bank of Japan said Tuesday it will withdraw 600 billion yen (5.0 billion dollars) from the money market as global concerns ease following massive fund injections by the world's central banks.

The Japanese central bank said it would withdraw the amount from the short-term money market through sales of treasury notes, easing excessive liquidity.

The step came after the central bank injected 600 billion yen into the banking system on Monday following a one-trillion-yen injection on Friday.