Nikkei drops 7% on earthquakes woes; FTSE holds steady

However, the FTSE is holding up in early trading this morning and only fell 0.23% as investors mull the economic impact of the tragedy. In Japan, the Nikkei 225 closed down 9.98% at 9.460 points, dropping 7% at its lowest point during trading. The stock market also saw a record 4.88bn shares traded, in a sell-off spanning all sectors. The Bank of Japan has announced it will inject $183bn into the country's banking system to revive the markets. This cash injection is the largest single amount ever by the country's central bank and it will also make another 6.8trn yen available over the...