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Japan Minutes of the Monetary Policy Meeting
Summary of Staff Reports on Economic and Financial Developments 2 A. Money Market Operations in the Intermeeting Period The Bank, in accordance with the guideline decided at the previous meeting on April 7 and 8, 2014, had been providing funds through purchases of Japanese government bonds (JGBs) and other measures. 3 In this situation, the amount outstanding of the monetary base had been in the range of 220-226 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 ... (full story)