BOJ Statement on Monetary Policy

From or.jp

At the monetary policy meeting held today, the policy board of the Bank of Japan decided by a unanimous vote, to set the following guidelines for money market operations in the intermeeting period: The Bank of Japan will encourage the uncollateralized overnight call rate to remain around 0.0% to 0.10%. Japan's economic activity has been picking up steadily while the supply side constraints caused by the earthquake disaster have been mostly resolved. Production and exports have continued to increase almost recovering the pre-quake levels. In this situation, domestic private demand has been picking up. Meanwhile, the ... (full story)