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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 moved somewhat deeper into a deceleration phase. In global financial markets, while investors have remained somewhat less risk averse on the back of the European debt problem, particular attention should be given to developments in these markets. Japan's economic activity is levelling off ... (full story)
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