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BOJ Minutes of the Monetary Policy Meeting
I. Summary of Staff Reports on Economic and Financial Developments4 A. Money Market Operations in the Intermeeting Period The Bank, in accordance with the short-term policy interest rate of minus 0.1 percent and the target level of the long-term interest rate, both decided at the previous meeting on April 26 and 27, 2017, had been providing funds through purchases of Japanese government bonds (JGBs) and other measures.5 In this situation, 10-year JGB yields had been at around 0 percent, and the shape of the JGB yield curve had been consistent with the guideline for market operations. B. Recent Developments in ... (full story)
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