The Bank of Japan plans to pump "massive" funds into markets on Monday in a bid to help them stabilise following a catastrophic earthquake and devastating tsunami, Dow Jones Newswires said. The Bank of Japan said it would do its "utmost" to provide market liquidity and ensure the stability of financial markets on Friday after the quake struck.
The BoJ also announced that the two-day policy board meeting previously scheduled for Monday and Tuesday would now be cut short and conclude on Monday, seen as a sign it may quickly implement extraordinary measures.