Tokyo stock market crashes, $287 billion lost

[Nikkar Narayana]

Japan's financial woes mount as the Tokyo Stock Exchange saw one of the worst crashes on Monday. A huge selloff resulted in a whopping loss of $287 billion, after a massive earthquake and Tsunami spread havoc in Japan.
Meanwhile, Japan's central bank unveiled plans to pump in 15 trillion yen (about $ 183 billion) into the economy grappling with after effects of the natural calamity including fears of nuclear meltdown, as stocks tumbled over six per cent.
On the first working day after being ravaged by earthquake and tsunami on Friday, Bank of Japan moved swiftly to calm the financial markets.
The apex bank has widened its asset purchase programme which along with extending funds worth about 10 trillion yen for daily bank operations, is worth about 15 trillion yen.
This morning, the bank conducted a same-day funds supplying operation totalling 7 trillion yen, which was the largest amount ever conducted, and a future-day-start funds supplying operation totalling 3 trillion yen," Bank of Japan (BoJ) said in a statement.
Separately, the central bank said it would increase the amount for the existing Asset Purchase Programme by about 5 trillion yen.
Despite the monetary easing moves, investors went into panic selling that saw the domestic stock market tumble over six per cent, one of the biggest losses in recent times.
The Benchmark Nikkei 225 dropped 6.18 per cent to 9,620.49 points.

[PMREDDY19]

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[The QUEEN]

F@!n F@!n F@!n F@!n sorry2

[psycopk]

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[Nikkar Narayana]

[quote author=psycopk link=topic=167807.msg2025683#msg2025683 date=1300154678]
tokyo lo top company names chepandi....
[/quote]
Toyota  sSa_j@il sSa_j@il sSa_j@il

[pillabachapk]

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[The QUEEN]

[quote author=psycopk link=topic=167807.msg2025683#msg2025683 date=1300154678]
tokyo lo top company names chepandi....
[/quote]honda, mistubihsi,kawasaki sSc_hiding2

[bondjamesbond]

[quote author=psycopk link=topic=167807.msg2025683#msg2025683 date=1300154678]
tokyo lo top company names chepandi....
[/quote]
Nissan