#Japan #Earthquake: Nikkei Average Down 596 Points (with Update)

(UPDATE) Here comes the dip buyer...Now Nikkei is down only 500 points... And we know who it is: Bank of Japan, who is injecting unprecedented 7 trillion yen ($85 billion) into the money market today.

Well, that's less than one month worth of POMO that the US Federal Reserve is doing..

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Nikkei opened down 210 at 10,044 but quickly went below 10,000. It is currently trading down 596 at 9,658 as of 9:21AM, 3/14/2011 (Japan Time).

Real-time chart here at Nikkei Shinbun.

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