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[dasein]

i missed this yesterday- BOJ Drains Y500 Billion From Market The Bank of Japan drained an extra Y500 billion in funds from the money market at its 0350 GMT operations Wednesday after drawing Y1.5 trillion out of the system earlier in the day. The overnight call rate was last seen at 0.50%, recovering to the central bank's policy target after being depressed due to the large amount of funds in the market, a money market trader said. The trader expects overnight borrowing rates to be in a 0.50%-0.60% range Thursday, the first day of the accumulation period. The BOJ said it now expects the reserve balances held by institutions subject to reserve requirements to be Y3.60 trillion and current account balances at Y6.80 trillion. -SFO magzine klh