April 28, 2006
Bank of Japan

At the Monetary Policy Meeting held today, the Bank of Japan decided, by unanimous vote, to set the following guideline for money market operations for the intermeeting period:

The Bank of Japan will encourage the uncollateralized overnight call rate to remain at effectively zero percent.

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( Reference )

Meeting hours :

       April 28^th  : 9:00-12:39   

Members present :

              Toshihiko Fukui ( Governor )

              Toshiro Muto ( Deputy Governor )

              Kazumasa Iwata ( Deputy Governor )

              Miyako Suda

              Shin Nakahara

              Hidehiko Haru

              Toshikatsu Fukuma

              Atsushi Mizuno

              Kiyohiko G. Nishimura

     ( Others present )

      From Ministry of Finance:

        Kazuyoshi Akaba, Senior Vice Minister of Finance (9:00-12:26,12:28-12:39)

      From Cabinet Office:

        Yoshiro Nakajo, Vice-Minister for Policy Coordination (9:00-12:26,12:28-12:39)

Release of minutes :

              2:00 p.m. on Tuesday, June 20, 2006