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 guideline for money market operations for the intermeeting period: The Bank of Japan will encourage the uncollateralized overnight call rate to remain at around 0 to 0.1 percent. Overseas economies remain in a deceleration phase. In global financial markets, while investors risk aversion on the back of the European debt problem has abated, particular attention should be given to developments in these markets. Japan's economy has been weakening somewhat. Exports and industrial production ... (full story)