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Japan Minutes of the Monetary Policy Meeting
The Bank, in accordance with the guideline decided at the previous meeting on August 8 and 9, 2012, 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 0.095 percent. With regard to the operation of the Asset Purchase Program (hereafter the Program), there was a sufficient amount of bids in the Bank's outright purchases of treasury discount bills (T-Bills). As for the Bank's fixed-rate funds-supplying operation against pooled ... (full story)
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