Yen hits record high against dollar

Japan’s central bank is continuing to pour cash into the banking system to calm jittery money markets as the yen shot to a record high.

The Bank of Japan injected an additional six trillion yen (€56bn) in same-day funds after the dollar hit 76.25 yen in the morning – an all-time low for the greenback in the aftermath of the earthquake and tsunami that killed thousands and triggered an unfolding nuclear crisis.