The Korea Herald


Japan central bank to inject $183 billion

By 신용배

Published : March 14, 2011 - 13:01

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 TOKYO (AP) -- Japan's central bank says it is injecting a record
15 trillion yen ($183.8 billion) into money markets to stabilize the financial system after a devastating earthquake and tsunami.

   The figure is more than double the 7 trillion yen the Bank of Japan had announced earlier in the day.

   The emergency move comes as the Tokyo stock market plunges nearly
6 percent, and worries grew about the economic impact of Friday's earthquake and tsunami.

   Central bankers are currently gathered for a one-day policy board meeting.