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Change in the smallest tick in uncollateralized overnight call rate

September 6, 2001
Bank of Japan
Financial Markets Department

Bank of Japan has been releasing data on the average rate of uncollateralized overnight call on a daily basis. Starting today, the average rate of uncollateralized overnight call will be released in ticks of 0.001%, revised from the previous 0.01%, in accordance with the change in market convention.

For further information, please contact

Open Market Operations Division, Financial Markets Department

Mr. Atsushi Miyanoya (+81-3-3277-1234), Mr. Tatsushi Kurihara (+81-3-3277-1284)