	bank of japan to sell billion yen in bills the bank of japan will sell billion yen in deficit financing bills today through day repurchase agreements maturing june to help absorb a projected money market surplus money traders said the operation will raise the outstanding supply of the bills to a record billion yen the yield on the bills for sale to banks and securities houses from money houses will be pct compared with the two month commercial bill discount rate today of pct and the two month certificate of deposit rate of pct the traders estimated the surplus today at about billion yen they said it is mainly due to billion yen of government tax allocations to local governments and public entities and to excessive banking system cash holdings due to continuous large central bank dollar purchases reuter 
