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Announcement of the Monetary Policy Meeting Decisions (Feb. 9)

February 9, 2001
Bank of Japan

(For immediate release)

At the Monetary Policy Meeting held today, the Bank of Japan decided, by majority vote, to maintain the following guideline for money market operations for the inter-meeting period:The Bank of Japan will encourage the uncollateralized overnight call rate to move on average around 0.25%.

(Reference)

Meeting hours : 9:00 a.m. to 5:13 p.m.

Members present :
Masaru Hayami (Chairman, Governor)
Sakuya Fujiwara (Deputy Governor)
Yutaka Yamaguchi (Deputy Governor)
Susumu Taketomi
Toshio Miki
Nobuyuki Nakahara
Eiko Shinotsuka
Kazuo Ueda
Teizo Taya

(Others present)

From Ministry of Finance:
Masatoshi Wakabayashi, Senior Vice Minister (9:00 a.m. to 1:31 p.m.)
Yoshio Tamura, Deputy Vice Minister for Policy Planning and Coordination (from 1:31 p.m.)

From Cabinet Office:Yuzo Kobayashi, Director General for Economic and Fiscal Management (9:00 a.m. to 12:18 p.m.)
Takanori Sakai, Senior Vice Minister (from 1:02 p.m.)

Release of Monthly Report of Recent Economic and Financial Developments:
(Consisting of "The Bank's View" and "The Background")

Japanese version of the entire report and English version of "The Bank's View"
2:00 p.m. on Tuesday, February 13, 2001
English version of "The Background"
With in a few business days from the release of "The Bank's View"

Release of minutes :
2:00 p.m. on Friday, March 23, 2001