Thursday, March 17, 2011

Japanese central bank?s cash infusions rise to nearly $700 billion

The Bank of Japan building in Tokyo is seen in this file photo. The central bank has pumped hudreds of billions of dollars into the economy in the aftermath of the earthquake, tsunami and nuclear disasters.

Japan?s central bank continued to flood money markets with cash on Wednesday, bringing its total emergency funding to nearly $700 billion as it tries to soothe fears about the economic impact of the catastrophic earthquake, tsunami and unfolding nuclear crisis.

Source: http://www.thestar.com/business/article/955449--japanese-central-bank-s-cash-infusions-rise-to-nearly-700-billion

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