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 conduct money market operations so that the monetary base will increase at an annual pace of about 60-70 trillion yen. With regard to the asset purchases, the Bank will continue with the following guidelines: a) The Bank will puchase Japanese government bonds (JGBs) so that their amount outstanding will increase at an annual pace of about 50 trillion yen, and that the average remaining maturity of ... (full story)