BOJ Adds 7 Trillion Yen to System to Ease Liquidity After Quake
Sunday, 13 March 2011 08:27 PM EDT
March 14 (Bloomberg) -- The Bank of Japan said it will pump 7 trillion yen ($86 billion) into the financial system to help stabilize the market after the nation’s biggest earthquake on record last week.
The emergency measure represents the bank’s first same-day repurchase operations since May, when the central bank added funds to help stabilize the market after the Greek debt crisis set off a plunge in stocks worldwide.
BOJ Governor Masaaki Shirakawa told reporters late yesterday he’s ready to unleash “massive” liquidity starting this morning in Tokyo.
--Editors: Nate Hosoda
To contact the reporter on this story: Saburo Funabiki in Tokyo at sfunabiki@bloomberg.net.
To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net.
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Headline
March 14 (Bloomberg) -- The Bank of Japan said it will pump 7 trillion yen ($86 billion) into the financial system to help stabilize the market after the nation’s biggest earthquake on record last week. The emergency measure represents the bank’s first same-day repurchase...
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Sunday, 13 March 2011 08:27 PM
2011-27-13
Sunday, 13 March 2011 08:27 PM