14 Mar '11, 1am

DTN Singapore: Bank of Japan injects $108.6b on quake concerns: TOKYO - JAPAN'S central bank injected a record 7...

TOKYO - JAPAN'S central bank injected a record 7 trillion yen (S$108.6 billion) into the short-term money market on Monday, in an attempt to build confidence three days after a devastating earthquake and tsunami. The fund provision is the largest ever in a single operation by the Bank of Japan. 'We will take every possible measure, including providing liquidity, to ensure the stability of financial markets and smooth settlements (of business deals),' a bank spokesman said. The Nikkei share index was down 5.2 per cent shortly after Monday's opening. -- AFP

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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