Minutes of the Monetary Policy Meeting

From or.jp

I. Summary of Staff Reports on Economic and Financial Developments3 A. Money Market Operations in the Intermeeting Period The Bank, in accordance with the guideline decided at the previous meeting on October 4 and 5, 2012, had been providing ample funds sufficient to meet demand in financial markets and was doing its utmost to ensure stability in the markets.4 In this situation, the uncollateralized overnight call rate had been in the range of 0.075-0.095 percent. With regard to the operation of the Asset Purchase Program, there was a sufficient amount of bids in the Bank's outright purchases of both Japanese ... (full story)