Around the Net

Japan Injects $86 Billion To Stabilize Markets After Quake

The Bank of Japan started adding huge sums to the country's banking system after the quake and subsequent tsunami, but the economic cost of the disaster depends on how long factories are shuttered. The uncertain condition of four nuclear reactors makes things even cloudier. In any case, Japan's central bank is likely to ensure lenders have enough cash to settle transactions, and will provide credit in the areas of northeastern Japan that suffered most.

Read the whole story at Bloomberg »

Next story loading loading..