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Minutes of the Monetary Policy Meeting on June 17 and 18, 2021
In accordance with the short-term policy interest rate of minus 0.1 percent and the target level of the long-term interest rate, both of which were decided at the previous meeting on April 26 and 27, 2021, the Bank had been conducting purchases of Japanese government bonds (JGBs).6 In this situation, 10-year JGB yields had been at around 0 percent, and the shape of the JGB yield curve had been consistent with the guideline for market operations. With a view to supporting financing, mainly of firms, and maintaining stability in financial markets, the Bank had taken the following measures: purchases of CP and corporate ... (full story)