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Japan Monetary Policy Meeting Minutes
The Bank, in accordance with the guideline decided at the previous meeting on August 7 and 8, 2013, had been providing funds through purchases of Japanese government bonds (JGBs) and other measures.5 In this situation, the amount outstanding of the monetary base had been in the range of 169-178 trillion yen. B. Recent Developments in Financial Markets Money market rates, including longer-term ones, had been at low levels. The uncollateralized overnight call rate had been at a level below 0.1 percent. General collateral (GC) repo rates had generally been at around 0.1 percent, although they had temporarily weakened ... (full story)