BOJ provides ample funds to Tokyo money market.
TOKYO, March 24 Kyodo
The Bank of Japan (BOJ BOJ Bank Of Japan
BOJ Bank of Jamaica
BOJ Bourgas, Bulgaria (Airport Code)
BOJ Beginning of Job ) provided 1 trillion yen to the Tokyo short-term money market in its regular operation Friday morning, enlarging ENLARGING. Extending or making more comprehensive; as an enlarging statute, which is one extending the common law. the calculated fund surplus it leaves in the banking system.
The central bank kept the day's estimated bank reserves Bank reserves are banks' holdings of deposits in accounts with their central bank (for instance the European Central Bank or the Federal Reserve, in the later case called federal funds), plus currency that is physically held in bank vaults (vault cash). in its current account unchanged at 5.4 trillion yen from Thursday by selling discount bills, raising the surplus to 1.8 trillion yen, up 200 billion yen from Thursday.
With the ample fund surplus, the key unsecured overnight call rate held steady at 0.02%, unchanged from Thursday's weighted average.
The BOJ also notified the market that it will provide 1.8 trillion yen worth of funds whose maturity falls later than March 31, in response to vigorous fund demand for the fiscal year-end Fiscal Year-End
The completion of a one-year, or 12-month, accounting period.
The reason that a company's fiscal year often differs from the calendar year and does not close on Dec 31, is due to the nature of company's needs. .
On the Tokyo International Financial Futures Exchange Tokyo International Financial Futures Exchange
Exchange that trades Euroyen futures and options, and futures on the one-year Euroyen, three-month eurodollar, and US dollar/Japanese yen currency. , the key September three-month Euroyen rate futures yielded 0.355%, up 0.02 percentage point from Thursday, on selling for profit-taking before the weekend.
No trading was seen in certificates of deposit on the primary market.