BOJ Current-Account Deposits May Reach Record 42.59 Trillion Yen

The Bank of Japan (8301)’s current-account balance may climb to a record 42.59 trillion yen ($530 billion) after the central bank refrained from conducting a money-market operation at 9:20 a.m. in Tokyo.

The BOJ projects that deposits will climb by 490 billion yen from last week to 42.59 trillion should the central bank refrain from draining funds from the financial system later today. The amount would exceed the previous BOJ deposit record of 42.57 trillion yen set on March 24 last year following Japan’s earthquake and tsunami.

To contact the reporter on this story: Hidenori Yamanaka in Tokyo at h.y@bloomberg.net

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net