Nikkei in Japan opens 5% down ( -500 points )

e.nikkei.com...

From what I understand there are many securities that have not been able to trade because of countless sell orders. Could be real ugly when / if all securities are available to trade.

200 : 1 Sell orders as I just heard.

BOJ (Bank of Japan) has just injected 85 Billion USD into money markets.

No link unfortunately, but live off the DJNews Wire

reply to post by Dance4Life


In the live feed on BBC, it said the Bank of Japan just announced that it is injecting 7 trillion yen of emergency liquidity into the system... Source

Obviously there's a clear divide between financial interests and human compassion... Some analysts are warning that there could be a pretty wicked ripple effect across the global economy. Stay tough, Japan!

reply to post by pforkp


Yeah 7 trillion yen = 85 billion USD I believe..

I think it looks something like this

7,225,000,000,000 Yen

Thanks for the link

Japan is a country which already has a National Debt of 200% of it's GDP ..

How does that work ??

PDUK

reply to post by Dance4Life


Whoops, forgot about converting

So, Japan was already in massive debt, and is magically injecting billions into the market... What are the long-term ramifications of this move? Is the Japanese economy pretty much done for?

reply to post by PurpleDog UK


I was just hearing talk about the same thing. The talking heads were saying this will probably not be a huge problem as you would automatically assume. I don't profess to being on top of Japan's economic realities. I was thinking the same thing.

The Euro Crisis has suddenly sparked up with Spain's Moody downgrade.

Saudi troops moving into Bahrain could send shudders in the oil markets.

On Friday, PIMCO, the largest US Mutual Fund pulled totally out of US Bonds. If the Fed has to pour money into the markets tommorow on an epic scale what then?

Silver is already coming on 36.50, and gold 1430.

How many shocks can the fiat based house of cards economy take?

How will Japan finance its reconstruction?

www.bbc.co.uk...

According to IMF figures, the ratio of general government gross debt to GDP was set to reach 228% this year, and 233% in 2012, even before taking any account of the costs of reconstructing the area devastated by the quake and tsunami. The gap between government revenues and expenditure for 2011 is forecast at more than 9%.

AND YET the Japanese Investment Bank, Nomura seems to think that Government bonds will Appreciate in value. Also, Nomura's chief economist Takahide Kiuchi said - in a conference call with investors this morning - that he expects the quake and disaster will contribute to a contraction in the Japanese economy of between 1% and 1.5% in the three months to the end of June.

Even afetr a MASSIVE Natural diaster occurs, the Banking Lot are trying to protect themselves......!

Regards

PDUK

Nikkei currently down 800+ points or 8%

Oh boy

Nikkei futures down 1000+ points!!

e.nikkei.com...

Something must have just happened

This is just getting out of control by the minute.

Can anyone care to explain what we could expect to experience next? A major economic crash? Whats going to happen...

reply to post by Nomad451


-1350 now

Something must be going on.. everything is selling off

finviz.com...

reply to post by Dance4Life


Radiation detected in Tokyo, I think that is what just happened.

www.abovetopsecret.com...

Update:

BOJ to inject another 3 Trillion Yen into money markets

No link yet..

3 trillion yen, THAT'S NOTHING.

They need to inject at least 10 times that.

reply to post by Vitchilo


BOJ intervention as well into USD JPY

finviz.com...