Friday, 7 May 2010

Japan injects $20bn to calm markets

Japan's central bank on Friday said it would inject more than $20bn (£14bn) in liquidity to calm markets in response to global turmoil triggered by the Greek debt crisis.

Prime Minister Yukio Hatoyama also vowed to take necessary steps as Tokyo stocks closed 3.1pc lower and the yen remained at relative highs against the euro following overnight panic selling on US markets.

"I am very concerned," Hatoyama told reporters. "The government should take responsible measures," he added without specifying what steps his centre-left government was considering. more...


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