The Bank of Japan (BOJ) said yesterday it had injected another ¥1.5 trillion (US$14 billion) into money markets to help stabilize the international financial system after recent turmoil.
The BOJ announced the move on its Web site shortly after the opening of the stock market, which was sharply higher on news of a US rescue package for the financial sector.
The BOJ is one of six major central banks that pledged last week to coordinate monetary action to ensure a flow of liquidity after the collapse of investment giant Lehman Brothers.
The Japanese central bank injected ¥11 trillion into the system last week.
Meanwhile, three sources said top brokerage group Nomura Holdings was buying the Asian assets of bankrupt Wall Street firm Lehman Brothers Holdings Inc.
The people, who asked not to be identified because of the sensitivity of the matter, said Nomura succeeded in its bid for Lehman’s Asian operations yestersday.
The Wall Street Journal reported the deal was worth US$225 million.
Another source said Standard Chartered PLC and Barclays PLC also placed bids for the assets and that the winner was likely to be announced as soon as yesterday.
Separately, Nomura and Barclays were contending for Lehman’s European operations, another person told the news service.
Japan’s Jiji Press also reported that Nomura had proposed to buy both the Asian and European units of Lehman.
Nomura representatives kept quiet on the reports and said there was no immediate plan for any announcement on the issue.
“There is nothing we can say at this point,” a Nomura spokesman said in Tokyo.
However, investors welcomed the reports.
Shares of the Japanese firm shot up 8.51 percent in morning trade.
‘NO SECURITY RISK’: The Railway Bureau reassured the public that the technicians’ activities were limited to technical guidance and did not involve sensitive systems The Railway Bureau yesterday said it had invited eight Chinese technicians to assist with an airport MRT construction project. The bureau issued the confirmation after an Internet user said Chinese nationals had entered the construction zone of Taiwan Taoyuan International Airport’s Terminal 3 project. They asked why “individuals from an enemy state” were allowed access to such a major national infrastructure project, which raised serious concerns over Taiwan’s industrial safety, sensitive systems and information security. The bureau’s Northern Region Engineering Branch Office said subcontractor Taiwan Handle Industrial Co (台灣手把工業) of the Taoyuan airport MRT’s “Contract No. CU05 Project A14 Station Civil, MEP &
The National Chungshan Institute of Science and Technology yesterday showcased its locally developed variants of the Vision 60 robotic patrol dog, which it plans to deploy on the nation’s outlying territories in the South China Sea. The variants were produced under the Joint Lab project — created by the institute and domestic companies — and assembled with domestically produced motors, lenses and artificial intelligence (AI) systems alongside licensed tech from the US, Missile and Rocket Systems Research Division deputy director Jen Kuo-kang (任國光) told the media event at a military base in Taipei’s Dazhi (大直) area. Taiwan has built up its strengths
NOT IMMEDIATE: Taiwan has a chance to appeal the proposed 10 percent tariff before it starts, while other countries face a 12.5 percent tariff from the trade office Taiwan is among 60 economies determined by the US to have failed to impose or enforce a ban on the importation of goods produced with forced labor, according to a notice released on Tuesday by the Office of the US Trade Representative (USTR), which proposed imposing an additional 10 percent or more tariff on them. The USTR in a statement said that following an investigation, it had determined under Section 301 of the Trade Act of 1974 that the failure of the 60 economies to impose and effectively enforce a prohibition on the importation of goods produced with forced labor is
TIT-FOR-TAT: The US allegedly revoked the visa of a Chinese national working at Xinhua News Agency in the US in response to Beijing’s expulsion of Vivian Wang The Presidential Office yesterday condemned China for expelling a New York Times correspondent from Beijing following the newspaper’s interview with President William Lai (賴清德), saying the move highlighted Beijing’s suppression of press freedom and its threat to international news media. Taiwan has noted a series of recent incidents in which Beijing used similar tactics to “threaten and pressure international media outlets and journalists,” Presidential Office spokeswoman Karen Kuo (郭雅慧) said in a statement. “This concerns not only press freedom and freedom of expression, but also the safety of journalists, and Taiwan and relevant partners are paying close attention to the situation,” she
RSS