At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided upon the following. [Note 11] (1)Yield curve control The Bank decided, by an 8-1 majority vote, to set the following guideline for market operations for the intermeeting period. [Note 21] The short-term policy interest rate: The Bank will apply a negative interest rate of minus 0.1 percent to the Policy-Rate Balances in current accounts held by financial institutions at the Bank. The long-term interest rate: The Bank will purchase Japanese government bonds (JGBs} so that 10-year JOB yields will remain at around zero percent. With ... (full story)