BOJ leaves record 4.5 tril. yen surplus in money market.TOKYO, Dec. 27 Kyodo The Bank of Japan (BOJ BOJ Bank Of Japan BOJ Bank of Jamaica BOJ Bourgas, Bulgaria (Airport Code) BOJ Beginning of Job ) left a record fund surplus of 4.5 trillion yen in the money market Monday morning to cope with fund demand from financial institutions for possible problems related to the Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 computer bug. Monday's surplus is 2.1 trillion yen larger than Friday's level, topping 1 trillion yen for the third consecutive trading day In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. . The previous record surplus was 3.7 trillion yen, registered Nov. 28, 1997. Financial institutions are boosting money at hand in case of Y2K-related trouble. To stave off upward pressure on money market rates, the BOJ is continuing to provide ample funds to the market, traders said. The Y2K bug Y2K bug or Year 2000 bug or millennium bug Potential problem in computers and computer networks at the beginning of the year 2000. Until the 1990s, most computer programs used only the last two digits to designate the year, the first two digits being could cause computer systems with software that identifies years only by their last two digits to crash or malfunction Jan. 1, 2000, by reading the new year as "1900." |
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