IRS: Japan central bank bolsters market with injection
Japan’s central bank said it is injecting a record 15 trillion yen (€131.5bn) into money markets to stabilise the financial system after a devastating earthquake and tsunami.
The figure is more than double the seven trillion yen the Bank of Japan had announced earlier in the day.
The emergency move comes as the Tokyo stock market plunges nearly 6%, and worries grew about the economic impact of Friday’s earthquake and tsunami.
Central bankers gathered for a one-day policy board meeting.
