Money Market Operations in Fiscal 2009

Financial Markets Department
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Financial Markets Department: Bank of Japan

No 2010-07-30, Bank of Japan Research Papers from Bank of Japan

Abstract: Throughout fiscal 2009, the Bank of Japan conducted money market operations with the uncollateralized overnight call rate as the operating target. During this period, the target level for the uncollateralized overnight call rate was"around 0.1 percent." The basic loan rate applied to the complementary lending facility was 0.3 percent, and the interest rate applied to the complementary deposit facility was 0.1 percent.

Date: 2010-07-30
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