Japan central bank injects funds as stocks plunge

[Cali_Democrat]

http://finance.yahoo.com/news/Japan-central-bank-injects-apf-3218231004.html?x=0&sec=topStories&pos=main&asset=&ccode=

Japan central bank injects funds as stocks plunge
Tokyo shares plunge, central bank injects record funds after earthquake, tsunami

Yuri Kageyama, AP Business Writer, On Sunday March 13, 2011, 9:14 pm

TOKYO (AP) -- 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.

The Bank of Japan moved quickly to try to keep financial markets stable. By flooding the banking system with cash, it hopes banks will continue lending money and meet the likely surge in demand for post-earthquake funds.

Immediately after the earthquake, the central bank pledged to "do its utmost," including providing liquidity. A one-day policy meeting was scheduled for later Monday.

Read more...http://finance.yahoo.com/news/Japan-central-bank-injects-apf-3218231004.html?x=0&sec=topStories&pos=main&asset=&ccode=

[xchrom]

1. Should be an interesting day for stocks period. Nt

[HowHasItComeToThis]

2. HOW WILL THE AMERICAN BANKSTERS RAPE JAPAN

JUST WONDERING