Japan injects ¥7 trillion; expands asset purchase programme by ¥5 trillion

bank-of-japan

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 sai