Key money market rate at 0.02% in Tokyo.TOKYO, Nov. 24 Kyodo
The key money market rate stayed mainly at 0.02% in Tokyo on Wednesday morning, down from Monday's weighted average of 0.03%.
The Tokyo market was closed for a holiday on Tuesday.
Brokers said fund demand remains weak as the Bank of Japan continues to provide ample liquidity in the market.
At its regular morning operation time Wednesday, the central bank injected in·ject·ed
1. Of or relating to a substance introduced into the body.
2. Of or relating to a blood vessel that is visibly distended with blood.
1. introduced by injection.
2. congested. 400 billion yen into the market, leaving it with a surplus of 1 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time.
(mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed.
In the USA and Canada, 10^12. yen, unchanged for the 33rd 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. .
On the primary market, three-month certificates of deposit were offered at between 0.27% and 0.30%, but no deals were struck.
The yield on the benchmark June 2000 futures contract Futures Contract
An exchange traded agreement to buy or sell a particular type and grade of commodity for delivery at an agreed upon place and time in the future. Futures contracts are transferable between parties. on three-month Euroyen Euroyen
Japanese yen-denominated deposits held in banks outside Japan. Also a term that refers to yen traded in the Eurocurrency market.
An example of Euroyen would be yen deposits held in U.S. banks. interest rates was at 0.295%, up 0.03 percentage point from late Monday's level.
Brokers said amid growing views that Japan is headed for a full economic recovery beginning early next year, they expect the yields on shorter-term instruments such as two-month and three-month certificates of deposit to rise gradually.