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Japan Minutes of the Monetary Policy Meeting
Summary of Staff Reports on Economic and Financial Developments A. Money Market Operations in the Intermeeting Period The Bank, in accordance with the guideline decided at the previous meeting on September 6 and 7, 2011, had been providing ample funds sufficient to meet demand in financial markets and was doing its utmost to ensure stability in the markets.8 In this situation, the uncollateralized overnight call rate had been in the range of around 0.075 to around 0.085 percent. B. Recent Developments in Financial Markets Money market rates had been stable amid the Bank's provision of ample funds. General collateral ... (full story)