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Japan Economy: 
Japan Left Rates at 0.5%
Author: 123jump.com Staff
123jump.com
Last Update: 9:15 AM EST March 07 2008



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The Bank of Japan reported on its web site today that it had unanimously kept its key rate at 0.5%, marking Toshihiko Fukui’s last policy decision as his term expires on March 19.

 
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
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