Japanese markets to open as normal

Japanese financial markets will reopen tomorrow as normal, the government said, despite the nation suffering a massive earthquake…

Japanese financial markets will reopen tomorrow as normal, the government said, despite the nation suffering a massive earthquake, a tsunami and a nuclear-power crisis.

Financial Services Minister Shozaburo Jimi said in a statement that authorities would watch market activity closely to ensure against market manipulation in the wake of the disaster, which is estimated to have killed more than 10,000 people.

The Tokyo Stock Exchange, Japan's biggest bourse, and the Osaka Securities Exchange said they will open as usual.

The Bank of Japan has also said that its bank settlement system is operating normally.

Bank of Japan Governor Masaaki Shirakawa said the central bank will provide huge amounts of liquidity to the banking system tomorrow, reinforcing the bank's determination to keep markets stable in the wake of the devastating quake.

Agencies

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