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BOJ Statement on Monetary Policy
At the Monetary Policy Meeting held today, the Policy Board of 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 to 0.1 percent. Overseas economies have shown moderate improvement, though limited in scope, on the whole, they still have not emerged from a deceleration phase. In global financial markets, some nervousness continues to be seen mainly due to concern about the European debt problem. Particular attention shoud therefore be given ... (full story)
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