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BOJ's Current Account Deposit Balance Hits Record.
(From Jiji)
Tokyo, Sept. 30 (Jiji Press)--The Bank of Japan, which has already injected massive funds into the money market, allowed financial institutions' current account deposits at the BOJ to rise to a record 34.56 trillion yen Tuesday, the last day of fiscal first half.
The current account deposit balance jumped by 4.72 trillion yen from Monday, as the central bank, in its money market operation Tuesday, did not absorb a large amount of funds that flowed into the market the same day.
The BOJ took the step apparently because financial institutions' fund demand was expected to grow …
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