The extent of damage caused by the earthquake and tsunami in Japan remains unknown, but the government has already warned that this is the worst crisis in the country after World War II. To ensure financial stability after the disaster, the Bank of Japan (BOJ) has injected 15 trillion yen emergency liquidity in the Japan market (about 131 859 000 183 825 000 euros or dollars) as announced by the entity itself this morning .
This is a shot record that surpasses the one held on October 10, 2008, from 4.5 trillion yen (EUR 39.557 million and 55.147 million dollars). The announcement of a first injection of seven billion yen (U.S. $ 85.848 million or 61.557 million euros), coincided with the opening of the Tokyo Stock Exchange, returning to work after the earthquake.
The Nikkei index fell by 4.56% two hours after the start of the session, to 9,789 points, passing the 10,000 whole for the first time in three months. In the currency market, the yen appreciated slightly against the dollar. The 'greenback' is changed in the foreign exchange market in Tokyo to 82.22 yen, after Friday I had done to 82.78 yen.
The injection of urgency comes after Sunday BOJ Governor Masaaki Shirakawa, communicated to the issuing institution would provide "ample liquidity" to the country's banking system to face the consequences of the earthquake. The evolution of markets will also be followed closely by the Government which has pledged to turn to crack down on speculation and work with the BOJ to address the financial impact of the earthquake in a coordinated way.
"We will work more closely than usual," said Minister of Economic and Fiscal Policy, Kaoru Yosano, who denied that the central bank monetary policy implementation "unconventional" to assist the Government to reduce the economic stress. Beyond the human disaster, the week starting today announced complicated by the planned power outages in the Tokyo metropolitan area and other nearby provinces, which could affect in some places the water supply.
The two main utilities in Japan are carried out from Monday rotary cuts of up to three hours a day, although initially the blackouts will not include certain areas of central Tokyo office buildings that house. Japanese Prime Minister, Naoto Kan, has asked the country's major companies to limit as far as possible the use of electricity, in an appeal to save energy that also has spread among the citizens.
Given the disruption of transportation and logistical problems caused by the earthquake, many large Japanese industrial groups have opted to reduce or temporarily stop production in the archipelago. The three major car manufacturers Nipponese, Toyota, Nissan and Honda, maintained Monday paralyzed production at all its plants in Japan, unable to secure the supply of parts.
Suzuki also announced the same measure, while the Mazda group, based in the southern province of Hiroshima, is the only engine manufacturer that plans to operate their plants as normal. The motor industry is a heavyweight in the muscle exporter Japan, which is also part of its strength in the electronics and technology.
Japan recently dropped to third in the world economy after being overtaken by China, but for more than forty years remained in second place, behind only the United States, thanks to its powerful industry. 
This is a shot record that surpasses the one held on October 10, 2008, from 4.5 trillion yen (EUR 39.557 million and 55.147 million dollars). The announcement of a first injection of seven billion yen (U.S. $ 85.848 million or 61.557 million euros), coincided with the opening of the Tokyo Stock Exchange, returning to work after the earthquake.
The Nikkei index fell by 4.56% two hours after the start of the session, to 9,789 points, passing the 10,000 whole for the first time in three months. In the currency market, the yen appreciated slightly against the dollar. The 'greenback' is changed in the foreign exchange market in Tokyo to 82.22 yen, after Friday I had done to 82.78 yen.
The injection of urgency comes after Sunday BOJ Governor Masaaki Shirakawa, communicated to the issuing institution would provide "ample liquidity" to the country's banking system to face the consequences of the earthquake. The evolution of markets will also be followed closely by the Government which has pledged to turn to crack down on speculation and work with the BOJ to address the financial impact of the earthquake in a coordinated way.
"We will work more closely than usual," said Minister of Economic and Fiscal Policy, Kaoru Yosano, who denied that the central bank monetary policy implementation "unconventional" to assist the Government to reduce the economic stress. Beyond the human disaster, the week starting today announced complicated by the planned power outages in the Tokyo metropolitan area and other nearby provinces, which could affect in some places the water supply.
The two main utilities in Japan are carried out from Monday rotary cuts of up to three hours a day, although initially the blackouts will not include certain areas of central Tokyo office buildings that house. Japanese Prime Minister, Naoto Kan, has asked the country's major companies to limit as far as possible the use of electricity, in an appeal to save energy that also has spread among the citizens.
Given the disruption of transportation and logistical problems caused by the earthquake, many large Japanese industrial groups have opted to reduce or temporarily stop production in the archipelago. The three major car manufacturers Nipponese, Toyota, Nissan and Honda, maintained Monday paralyzed production at all its plants in Japan, unable to secure the supply of parts.
Suzuki also announced the same measure, while the Mazda group, based in the southern province of Hiroshima, is the only engine manufacturer that plans to operate their plants as normal. The motor industry is a heavyweight in the muscle exporter Japan, which is also part of its strength in the electronics and technology.
Japan recently dropped to third in the world economy after being overtaken by China, but for more than forty years remained in second place, behind only the United States, thanks to its powerful industry.
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