Printer Friendly

Key Tokyo money market rate stays at 0.02%.

TOKYO, April 26 Kyodo

The key Tokyo money market rate stood at 0.02% Wednesday morning, unchanged from the weighted average in late trading the previous day.

The Bank of Japan refrained from conducting its regular morning market operations, leaving the estimated bank reserves in its current account for the day 100 billion yen lower than Tuesday's level.

The bank reserve system is calculated to have a surplus of some 1 trillion yen, down slightly from the previous day.

On the Tokyo International Financial Futures Exchange, the September contract for three-month Euroyen rate futures yielded 0.285%, up 0.015 percentage point from late trading Tuesday.

Dealers said that while the volume of trading in the December contract rose notably Tuesday and led to views that the contract would soon replace the September contract as the benchmark, trading volume in the September contract was greater Wednesday morning.

No trading was seen in certificates of deposit.
COPYRIGHT 2000 Kyodo News International, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Japan Weekly Monitor
Date:May 1, 2000
Previous Article:Dollar falls in Tokyo morning, euro hits new low against yen.
Next Article:Nikkei slips below 18,000, TOPIX up for 7th day.

Related Articles
Key money market rate at 0.02 pc.
Key money market rate at 0.02 pc in Tokyo.
Key money rate remains at 0.02%.
Overnight call money lending rate unchanged at 0.02%.
Key money rate unchanged at 0.02% in Tokyo.
Key money rate stays at 0.02% in Tokyo.
Key money rate unchanged at 0.02% in Tokyo+.
Key call rate stays at 0.02% in Tokyo morning+.
Key money market flat at 0.02% in Tokyo morning.
Key money market rate flat in Tokyo.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters