BOJ supplies additional 8 trillion yen to market
The Bank of Japan has supplied additional funds to the financial market to calm concerns over falling share prices after the massive earthquakes and tsunami.
The central bank provided 5 trillion yen, an equivalent of nearly 60 billion dollars, to the short-term money market on Tuesday morning.
In the afternoon, the bank injected another 3 trillion yen, or 37 billion dollars, to the market, bringing the total to 8 trillion yen, or just below 100 billion dollars.
The central bank also plans to supply 12 trillion yen, or nearly 150 billion dollars, through such measures as buying government bonds held by financial institutions.
The Bank of Japan pumped a record of 15 trillion yen, or more than 180 billion dollars, into the financial market on Monday.
Tuesday, March 15, 2011 16:05 +0900 (JST)