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Nikkei Surges As BOJ Injects Another ¥3.5 Trillion: Just Add It To The Existing ¥23 Trillion Plunge Protection Tab

Posted By admin On March 16, 2011 @ 4:36 am In Money Watch | Comments Disabled

Tyler Durden
Zero Hedge [1]
March 16, 2011

It’s another day for the BOJ, which more than anything is hell bent on preventing a rerun of last night’s tumble in the futures to a 7 handle. The solution: add another several trillion into money markets. Following Monday’s ¥15 trillion plunge protection deposit, [2] and yesterday’s ¥8 trillion, just announced was the first tranche for tonight, which amounted to ¥3.5 trillion. And so the total involve to prevent the market from plunging a more 1,000 points is now ¥26.5 trillion, or $325 billion.

From DJ:

The Bank of Japan on Wednesday pumped another 3.5 trillion yen ($43.3 bln) into the financial system, adding to the trillions spent Monday and Tuesday to soothe shaken markets

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Nikkei Surges As BOJ Injects Another ¥3.5 Trillion: Just Add It To The Existing ¥23 Trillion Plunge Protection Tab  260310banner2 [4]

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URL to article: http://www.prisonplanet.com/nikkei-surges-as-boj-injects-another-%c2%a53-5-trillion-just-add-it-to-the-existing-%c2%a523-trillion-plunge-protection-tab.html

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/article/nikkei-surges-boj-injects-another-%C2%A535-trillion-just-add-it-existing-%C2%A523-trillion-plunge-prot

[2] ¥15 trillion plunge protection deposit,: http://www.zerohedge.com/article/boj-raises-liquidity-injection-jpy12-trillion-146-billion

[3] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[4] Image: http://purewaterfreedom.com/

[5] Update: Make That 15 Trillion; BOJ Raises Liquidity Injection To JPY12 Trillion ($146 Billion): http://www.prisonplanet.com/update-make-that-15-trillion-boj-raises-liquidity-injection-to-jpy12-trillion-146-billion.html

[6] As BOJ Injects Fresh ¥2 Trillion, Radiation Measured 20 km Away From Fukushima Is 1,600 Times Normal: http://www.prisonplanet.com/as-boj-injects-fresh-%c2%a52-trillion-radiation-measured-20-km-away-from-fukushima-is-1600-times-normal.html

[7] Japan’s Nikkei plunges 11 percent on radiation fears, sending global markets into a tailspin: http://www.prisonplanet.com/japan%e2%80%99s-nikkei-plunges-11-percent-on-radiation-fears-sending-global-markets-into-a-tailspin.html

[8] Stocks Plunge on Economic Fears, Gold Hits Record High: http://www.prisonplanet.com/stocks-plunge-on-economic-fears-gold-hits-record-high.html

[9] CNBC Guest Says Absent Plunge Protection Team Stepping In, Market Would Fall; Wien, Kernan Disgusted: http://www.prisonplanet.com/cnbc-guest-says-absent-plunge-protection-team-stepping-in-market-would-fall-wien-kernan-disgusted.html

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