Japan injects ¥7 trillion; expands asset purchase programme by ¥5 trillion
Bank of Japan makes largest-ever same-day funds operation in bid to subdue market panic following Tohoku earthquake
The Bank of Japan injected ¥7 trillion ($85.4 billion) into money markets on Monday as part of a series of measures to avoid market panic in the aftermath of the Tohoko earthquake in the northern region of the country.
The central bank announced at 09:30 local time that it had conducted its largest-ever same-day funds-supplying operation, which totalled ¥7 trillion. The central bank pledged to inject a further ¥3 trillion through a future-day-start funds-supplying operation.
The central bank
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