  The general solution to the reflection equation associated with the jordanian
deformation of the SL(2) invariant Yang R-matrix is found. The same K-matrix is
obtained by the special scaling limit of the XXZ-model with general boundary
conditions. The Hamiltonian with the boundary terms is explicitly derived
according to the Sklyanin formalism. We discuss the structure of the spectrum
of the deformed XXX-model and its dependence on the boundary conditions.
