Sunday, March 13, 2011

Japan central bank injects funds as stocks plunge

This will mark yet another global liquidity blast. Any material reduction in Treasury purchases by the BOJ will be meet by additional purchases from the Fed.

Japan's central bank injected a record 7 trillion yen ($85.5 billion) into money markets and the Tokyo stock market nosedived Monday on the first business day since an earthquake and tsunami devastated the country's northeast and raised dire worries about the economy.

The benchmark Nikkei 225 stock average fell 487 points, or 4.8 percent, to 9,767.18. Worries about the economic impact of the disaster triggered a broad sell-off that hit all sectors.

Source: news.yahoo.com

0 comments:

Post a Comment