Bank of Japan deposits

Japanese: 日銀預け金 - にちぎんあずけきん

Current account deposits (Bank of Japan Act, Article 20, Paragraph 3) are deposits made by financial institutions with the Bank of Japan based on a current account agreement with the Bank. No interest is paid on the deposit balance. These deposits are used for settlements between financial institutions, such as bill clearing, call transactions, and other settlements, as well as bill discounting, bill lending, foreign exchange settlements, and the Bank of Japan's receipts and payments to counterparties, such as treasury funds, all of which go through these deposits. In this way, deposits with the Bank of Japan provide a concrete venue for transactions in Japan's financial markets.

Source: Heibonsha World Encyclopedia, 2nd Edition Information

Japanese:

金融機関が日本銀行との間の当座勘定契約に基づき，日銀に預入れする当座預金(日本銀行法20条3号)。預金残高に対して利子は付されない。同預け金は，手形交換じり決済をはじめコール取引その他の諸決済等取引先金融機関相互間の決済に利用されるほか，手形割引，手形貸付け，為替決済，国庫金等日銀の対取引先受払いもすべてこの預け金を経由することとなっている。このように日銀預け金は日本の金融市場に取引の具体的な場を提供している。

出典　株式会社平凡社世界大百科事典第２版について　情報

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