Japan injects 1.2 trillion as Nikkei falls 5.4%

The Bank of Japan lent 1.2 trillion ($10.5 billion) to the markets Friday after draining 2 trillion Wednesday. The central bank's injection was made as market concerns over liquidity took the overnight lending rate above the central bank's 0.5% target.

The Nikkei, Japan's main stock exchange, fell by 874.81 points, 5.42% of the bourse's total value, Friday as investors became more concerned about the global impact of the US subprime crisis.

But, in contrast to the move by the Federal Reserve

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: