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Key money rate stays flat in Tokyo morning.

TOKYO, Feb. 8 Kyodo The key unsecured overnight call money rate was unchanged at 0.02% Tuesday morning from Monday's weighted average as the Bank of Japan continued to keep the fund surplus at 1 trillion yen.

The central bank drained 700 billion yen from the banking system in its early morning market operations.

On the open market, the offered rates on one-month and two-month certificates of deposit also held steady at 0.03-0.04% and 0.05-0.06%, respectively.

The yield on the key September three-month Euroyen rate futures stood at 0.335% on the Tokyo International Financial Futures Exchange, unchanged from Monday.
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Comment:Key money rate stays flat in Tokyo morning.
Publication:Japan Weekly Monitor
Geographic Code:9JAPA
Date:Feb 14, 2000
Words:104
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