Wednesday, March 16, 2011

Japan's central bank injects new cash into markets

TOKYO - JAPAN'S central bank has injected billions of dollars into financial markets for a third day to ease the impact of last week's quake.

The Bank of Japan injected 3.5 trillion yen (S$55.5 billion) into markets on Wednesday. That came after injections totalling 23 trillion yen over the past two days.

The action is aimed at supporting financial markets that plunged after Friday's magnitude-9.0 earthquake and tsunami that caused crippling problems at nuclear power plants. -- AP

0 Comments: