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Announcement of the Monetary Policy Meeting Decisions (Apr. 30)

April 30, 2002
Bank of Japan

(For immediate release)

At the Monetary Policy Meeting held today, the Bank of Japan decided, by unanimous vote, to maintain the following guideline for money market operations for the intermeeting period:The Bank of Japan will conduct money market operations, aiming at the outstanding balance of the current accounts at the Bank at around 10 to 15 trillion yen.

Should there be a risk of financial market instability, such as a surge in liquidity demand, the Bank will provide more liquidity irrespective of the guideline above.

(Reference)

Meeting hours :
April 30th : 9:00-12:57

Members present :
Masaru Hayami ( Governor )
Sakuya Fujiwara ( Deputy Governor )
Yutaka Yamaguchi ( Deputy Governor )
Kazuo Ueda
Teizo Taya
Miyako Suda
Shin Nakahara
Hidehiko Haru
Toshikatsu Fukuma

(Others present)

From Ministry of Finance :
Takayoshi Taniguchi, Senior Vice-Minister
(9:00-12:27,12:31-12:57)

From Cabinet Office :
Yuzo Kobayashi, Vice-Minister for Economic and Fiscal Policy
(9:00-12:27,12:31-12:57)

Release of minutes :
2:00 p.m. on Monday, June 17