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.
Authorities have detained three former Taiwan Semiconductor Manufacturing Co (TMSC, 台積電) employees on suspicion of compromising classified technology used in making 2-nanometer chips, the Taiwan High Prosecutors’ Office said yesterday. Prosecutors are holding a former TSMC engineer surnamed Chen (陳) and two recently sacked TSMC engineers, including one person surnamed Wu (吳) in detention with restricted communication, following an investigation launched on July 25, a statement said. The announcement came a day after Nikkei Asia reported on the technology theft in an exclusive story, saying TSMC had fired two workers for contravening data rules on advanced chipmaking technology. Two-nanometer wafers are the most
DEFENSE: The first set of three NASAMS that were previously purchased is expected to be delivered by the end of this year and deployed near the capital, sources said Taiwan plans to procure 28 more sets of M-142 High Mobility Artillery Rocket Systems (HIMARS), as well as nine additional sets of National Advanced Surface-to-Air Missile Systems (NASAMS), military sources said yesterday. Taiwan had previously purchased 29 HIMARS launchers from the US and received the first 11 last year. Once the planned purchases are completed and delivered, Taiwan would have 57 sets of HIMARS. The army has also increased the number of MGM-140 Army Tactical Missile Systems (ATACMS) purchased from 64 to 84, the sources added. Each HIMARS launch pod can carry six Guided Multiple Launch Rocket Systems, capable of
Tsunami waves were possible in three areas of Kamchatka in Russia’s Far East, the Russian Ministry for Emergency Services said yesterday after a magnitude 7.0 earthquake hit the nearby Kuril Islands. “The expected wave heights are low, but you must still move away from the shore,” the ministry said on the Telegram messaging app, after the latest seismic activity in the area. However, the Pacific Tsunami Warning System in Hawaii said there was no tsunami warning after the quake. The Russian tsunami alert was later canceled. Overnight, the Krasheninnikov volcano in Kamchatka erupted for the first time in 600 years, Russia’s RIA
CHINA’s BULLYING: The former British prime minister said that he believes ‘Taiwan can and will’ protect its freedom and democracy, as its people are lovers of liberty Former British prime minister Boris Johnson yesterday said Western nations should have the courage to stand with and deepen their economic partnerships with Taiwan in the face of China’s intensified pressure. He made the remarks at the ninth Ketagalan Forum: 2025 Indo-Pacific Security Dialogue hosted by the Ministry of Foreign Affairs and the Prospect Foundation in Taipei. Johnson, who is visiting Taiwan for the first time, said he had seen Taiwan’s coastline on a screen on his indoor bicycle, but wanted to learn more about the nation, including its artificial intelligence (AI) development, the key technology of the 21st century. Calling himself an
RSS