This is the unedited press release from Bank of Japan
At the Monetary Policy Meeting held today, the Bank of Japan decided, by a unanimous vote, to set the following guideline for money market operations for the intermeeting period:
The Bank of Japan will encourage the uncollateralized overnight call rate to remain at around 0.5%.
Voting for the action: Mr. T. Fukui, Mr. T. Muto, Mr. K. Iwata, Ms. M. Suda, Mr. A.
Mizuno, Mr. K. G. Nishimura, Mr. T. Noda, Mr. S. Nakamura, and Mr. H. Kamezaki.
Voting against the action: None.
Policy Board members present:
Toshihiko Fukui (Governor)
Toshiro Muto (Deputy Governor)
Kazumasa Iwata (Deputy Governor)
Miyako Suda
Atsushi Mizuno
Kiyohiko G. Nishimura
Tadao Noda
Seiji Nakamura
Hidetoshi Kamezaki
Available at:
http://www.boj.or.jp/en/type/release/adhoc/k080307.pdf |