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Announcement of the Monetary Policy Meeting Decisions (Oct.12)

October 12, 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 provide ample liquidity to the money market by aiming at maintaining the outstanding balance of current accounts held at the Bank at above 6 trillion yen.

(Reference)

Meeting hours :
October 11th : 2:00 p.m. to 4:04 p.m.October 12th : 9:00 a.m. to 1:05 p.m.

Members present :
Masaru Hayami (Governor)
Sakuya Fujiwara (Deputy Governor)
Yutaka Yamaguchi (Deputy Governor)
Toshio Miki
Nobuyuki Nakahara
Kazuo Ueda
Teizo Taya
Miyako Suda
Shin Nakahara

(Others present)

October 11th:
From Cabinet Office:
Yuzo Kobayashi, Director General for Economic and Fiscal Management
(from 2:00 p.m.)From Ministry of Finance:
Hideto Fujii, Deputy Vice Minister for Policy Planning and Co-ordination
(from 2:00 p.m.)

October 12th:
From Cabinet Office:
Heizo Takenaka, Minister of State for Economic and Fiscal Policy
(from 9:00 a.m. to 12:10 p.m.)
Yuzo Kobayashi, Director General for Economic and Fiscal Management
(from 12:10 p.m.)From Ministry of Finance:
Seiichiro Murakami, Senior Vice-Minister
(from 9:00 a.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 Monday, October 15, 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 Wednesday, November 21, 2001