At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided upon the following. (1) Yield curve control: The Bank decided, by an 8-1 majority vote, to set the following guideline for market operations for the intermeeting period. The short-term policy interest rate: The Bank will apply a negative interest rate of 0.1 percent to the Policy-Rate Balances in current accounts held by financial instituitions at the bank. The long-term interest rate: The Bank will purchase a necessary amount of Japanese government bonds (JGBs) without setting and upper limit so that the 10-year JGB yields will ... (full story)