Ensuring stability in financial markets  Second, the Bank has been making efforts to ensure stability in financial markets in order to maintain the smooth conduct of economic and financial activities in Japan. Immediately after the earthquake, the Bank provided ample funds to meet demand in financial markets for several successive days to preempt concerns about potential liquidity shortages in the interbank money market.
Thus, on March 14 – the first business day after the earthquake – the Bank conducted funds-supplying operations totaling 21.8 trillion yen. As a result of measures such as this, money market rates, which had temporarily risen immediately after the earthquake, soon regained stability.