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Bank of Japan Operations in the Money Markets (March 2002)

April 1, 2002
Bank of Japan
Financial Markets Department

Table: Bank of Japan Operations in the Money Markets (March 2002)(100 million yen, percent per annum)
Date of Offer Instrument (a) Date of Exercise Date of Resale or Repurchase Amount Offered Amount of Competitive Bid Amount of Successful Bid Pro-rata or Non-pro -rata Rate Average Successful Bid Rate Allocation on a Pro-rata Basis Rate
2002                  
3/1 JGBs-borrowing 3/5 5/17 5,000 3,491 3,491 0.001 * 0.001 -
1 CP-purchases 3/5 4/19 4,000 5,305 3,950 0.002 0.003 74.6
1 Bills-purchases-Head 3/4 7/9 8,000 1,300 1,300 0.001 * 0.001 -
1 Bills-purchases-Head 3/5 8/7 8,000 1,529 1,529 0.001 * 0.001 -
4 JGBs-borrowing 3/6 5/17 5,000 2,488 2,488 0.001 * 0.001 -
4 Bills-purchases-All 3/6 8/21 10,000 2,968 2,968 0.001 * 0.001 -
5 JGBs-borrowing 3/7 5/21 5,000 4,140 4,140 0.001 * 0.001 -
5 CP-purchases 3/7 4/25 4,000 4,735 3,965 0.002 0.004 68.9
5 Bills-purchases-Head 3/7 7/16 8,000 1,523 1,523 0.001 * 0.001 -
6 JGBs-borrowing 3/8 5/22 5,000 2,537 2,537 0.001 * 0.001 -
6 Bills-purchases-Head 3/8 4/23 8,000 1,400 1,400 0.001 * 0.001 -
6 Bills-purchases-All 3/8 8/27 10,000 2,668 2,668 0.001 * 0.001 -
7 JGBs-borrowing 3/11 5/23 5,000 1,407 1,407 0.001 * 0.001 -
7 Bills-purchases-Head 3/11 6/7 8,000 136 136 0.001 * 0.001 -
8 JGBs-borrowing 3/12 5/15 5,000 2,028 2,028 0.001 * 0.001 -
8 CP-purchases 3/12 4/23 5,000 4,130 4,130 0.001 * 0.002 -
8 Bills-purchases-Head 3/12 7/23 8,000 560 560 0.001 * 0.001 -
11 JGBs-borrowing 3/13 5/16 5,000 2,530 2,530 0.001 * 0.001 -
11 Bills-sales 3/12 3/20 7,000 26,650 7,004 0.001 0.001 37.7
11 Bills-purchases-Head 3/13 4/25 8,000 2,779 2,779 0.001 * 0.001 -
12 JGBs-borrowing 3/14 5/24 5,000 2,572 2,572 0.001 * 0.001 -
12 Bills-sales 3/13 3/20 6,000 23,700 6,003 0.001 0.001 26.4
12 Bills-purchases-All 3/14 9/5 10,000 4,601 4,601 0.001 * 0.001 -
13 JGBs-borrowing 3/15 5/23 5,000 1,553 1,553 0.001 * 0.001 -
13 CP-purchases 3/15 5/8 5,000 3,695 3,695 0.001 * 0.002 -
13 Bills-purchases-Head 3/15 4/12 8,000 5,600 5,600 0.001 * 0.001 -
14 JGBs-borrowing 3/18 5/28 5,000 1,896 1,896 0.001 * 0.001 -
14 Bills-sales 3/15 3/20 8,000 27,480 8,001 0.001 0.001 40.3
14 Bills-purchases-Head 3/18 4/19 8,000 1,200 1,200 0.001 * 0.001 -
15 JGBs-borrowing 3/19 5/29 5,000 1,536 1,536 0.001 * 0.001 -
15 CP-purchases 3/19 4/12 5,000 3,952 3,952 0.001 * 0.002 -
15 Bills-purchases-Head 3/19 4/23 8,000 2,700 2,700 0.001 * 0.001 -
18 Bills-sales 3/19 3/20 8,000 24,900 8,001 0.001 0.001 37.1
18 Bills-sales 3/19 3/27 9,000 29,900 9,003 0.001 0.001 40.3
18 Bills-purchases-Head 3/20 6/19 8,000 2,150 2,150 0.001 * 0.001 -
19 CP-purchases 3/22 4/18 4,000 2,503 2,503 0.001 * 0.002 -
19 Bills-purchases-Head 3/22 7/18 8,000 1,240 1,240 0.001 * 0.001 -
20 CP-purchases 3/25 5/14 4,000 1,860 1,860 0.001 * 0.001 -
22 Bills-purchases-All 3/26 9/11 10,000 12,253 10,012 0.001 0.001 78.1
25 Bills-sales 3/26 3/27 8,000 27,100 8,006 0.001 0.001 34.7
25 Bills-purchases-Head 3/27 4/8 5,000 3,552 3,552 0.001 * 0.002 -
29 CP-purchases 4/2 5/16 4,000 1,540 1,540 0.001 * 0.002 -

Outright Purchases and Sales Operation of TBs and FBs

Table: Outright Purchases and Sales Operation of TBs and FBs(100 million yen, percent per annum)
Date
of
Offer		 Instrument Date of
Exercise		 Amount
Offered		 Amount of
Competitive
Bid		 Amount of
Successful
Bid		 Pro-rata
or
Non-pro
-rata
Yield Spread		 Average
Successful
Yield Spread		 Allocation
on a Pro-rata
Basis Rate
2002                
3/1 Outright purchases 3/6 10,000 2,878 2,878 0.000 * 0.000 -
7 Outright purchases 3/12 10,000 9,792 9,792 0.000 * 0.000 -
8 Outright purchases 3/13 10,000 7,496 7,496 0.000 * 0.000 -
14 Outright purchases 3/19 10,000 5,335 5,335 0.000 * 0.000 -
15 Outright purchases 3/20 10,000 10,123 10,123 0.000 * 0.000 -
25 Outright purchases 3/28 10,000 7,707 7,707 0.000 * 0.000 -
26 Outright purchases 3/29 10,000 4,562 4,562 0.000 * 0.000 -

(Memo)

Outright purchase and sales operations of JGBs
The Bank of Japan offered outright purchase operations of JGBs worth 250 billion yen on March 5, 250 billion yen on March 6, 250 billion yen on March 8 and 250 billion yen on March 19. The purchases were exercised at 251.5 billion yen on March 8, 252.1 billion yen on March 11, 250.8 billion yen on March 13 and 250.6 billion yen on March 25, respectively.

NOTES:

  1. Bills-sales : Outright sales of bills drawn by BOJ
    Bills-purchases-Head : Outright purchases of bills at Head Office
    Bills-purchases-All : Outright purchases of bills at All Offices
    JGBs-borrowing : Borrowing of JGBs against cash collateral(JGB repos)
    TBs/FBs-purchases : Purchases of TBs/FBs under repurchase agreements
    CP-purchases : Purchases of CP under repurchase agreements
    TBs/FBs-sales : Sales of TBs/FBs under repurchase agreements
    JGBs-purchases : Purchases of JGBs under repurchase agreements
    Outright purchases : Outright purchases of TBs/FBs
    Outright sales : Outright sales of TBs/FBs
  2. * denote the date when the offer and the exercise were done in the same day.
  3. "Amount offered" shows tplanned amounts on offer days.
  4. Concerning Pro-rata or Non-pro-rata rate,* denote the Non-pro-rata rate, otherwise the figures denote the Pro-rata rate.
  5. For outright purchases (sales) of TBs/FBs, the difference between the yield at which operation counterparties want to sell (purchase) and the corresponding yield determined by the Bank of Japan with prevailing market yield taken into account ("yield spread") is used for an auction.Concerning Pro-rate or Non-pro-rate yield spread,* denote the Non-pro-rate yield spread,otherwise the figures denote the Pro-rate yield spread.
    1. (a) Excludes Outright purchase and sales operation of TBs and FBs.