Tags: ASBNX | ASIA | ASIACURZ1 | ASIAHOT | ASIASTAFF | ASIASTORY | ASIATOP

BOJ Adds 7 Trillion Yen to System to Ease Liquidity After Quake

Sunday, 13 Mar 2011 08:27 PM

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.

© Copyright 2017 Bloomberg News. All rights reserved.

   
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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 Mar 2011 08:27 PM
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