Go Finance Reporting in TOKYO - Shares in Tokyo bourse directly falling shortly after the open Monday morning as investors reacted to the biggest earthquake in Japan's history followed by a devastating tsunami.
Quoted by AFP on Monday (03/14/2011), the shares fell 5.42 percent and was below 10,000 which represents the lowest level since November. The Nikkei fell 556.06 points shortly after opening, to the position of 9698.37.
Meanwhile, Japan's central bank has been injecting funds amounting to seven trillion yen (USD85, 7 billion), which was a record funding into short term money market. These funds are found at short notice in an effort to build market confidence after the disaster three days ago.
Provision of these funds is the largest ever awarded by the Bank of Japan in an operation. "We will take every step possible, including the provision of liquidity, to ensure stability of financial markets and residential (business deals)," said a bank spokesman.
For your information, Japan's leading automaker shares have fallen more than 10 percent as investors reacted to shutdowns after the largest earthquake in the country.
The world's largest car maker, Toyota, the value of its shares fell 10.43 percent to 3.220 yen. While her rivals, Nissan, its shares slumped 10.77 percent to 712 yen and Honda fell 7.70 percent at 3055 yen. (GoFinance)
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