At the Monetary Policy Meeting (MPM) held today, the Policy Board of the Bank of Japan decided upon the following. (1) Quantity Dimension: The guideline for money market operations The Bank decided, by an 8-1 majority 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 80 trillion yen. (2) Quality Dimension: The guidelines for asset purchases With regard to the asset purchases, the Bank decided, by an 8-1 majority vote, to set the following guidelines: a) ... (full story)