The Bank, in accordance with the guideline decided at the previous meeting on January 21 and 22, 2013, had been providing ample funds sufficient to meet demand in financial markets and was doing its utmost to ensure stability in the markets.6 In this situation, the uncollateralized overnight call rate had been in the range of 0.075 to around 0.105 percent. With regard to the operation of the Asset Purchase Program, undersubscription had occurred frequently in the Bank's fixed-rate funds-supplying operation against pooled collateral, mainly in operations with relatively long maturities, as market participants shared ... (full story)