A second example, however, shows just the opposite relationship between the current-account balance
and the exchange rate.
Under the so-called quantitative monetary easing, the BOJ has raised the current-account balance
target several times to pour more liquidity into the banking system.
It is also the highest level since March, when the BOJ shifted its money-market policy tool to the current-account balance
from the key unsecured call money rate under its so-called quantitative relaxation of monetary policy.
The current-account balance
is the difference between a country's income from foreign sources and foreign obligations payable, excluding net capital investment.
Banks also said that some interest has to be allowed on current-account balances