31 October 2001, 08:53 Hayami - Unsure if BoJ to maintain current-account balance at 9 trln yen
TOKYO (AFX-ASIA) - Bank of Japan governor Masaru Hayami said he is
uncertain whether the bank will maintain the balance of current
accounts held at around 9.0 trln yen.
The latest figures show the balance totalled 9.45 trln yen
yesterday.
"We will closely watch market moves," Hayami said.
"It's unsure" whether the bank will maintain the 9.0 trln yen
level.
"I feel sorry but a contraction of the call-money market is
innevitable under the current monetary situation but in the future it
will swell," he added.
The short-term money-market has seen a contraction in liquidity as
participants are reluctant to operate when interest rates are
effectively zero.
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