BoJ announces change in money market guidelines

The Bank of Japan on Tuesday 20 May said it will lift its target balance of current accounts held by private financial institutions at the central bank to around 27 to 30 trillion yen ($230 billion-$256 billion) from the previous target of around 22 to 27 trillion yen.

Source: Bank of Japan press release

At the Monetary Policy Meeting held today, the Bank of Japan decided to change the main operating target in the guideline for money market operations. The target balance of current accounts hel