October 13, 1998
Bank of Japan
(For immediate release)

The Bank today held a Monetary Policy Meeting, a regular meeting of the Policy Board on monetary policy.

By majority vote, the Policy Board decided to leave monetary policy unchanged.

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(Reference)

Meeting hours : 9:00 a.m. to 3:46 p.m.

Members present :

Masaru Hayami ( Chairman, Governor )
Sakuya Fujiwara ( Deputy Governor )
Yutaka Yamaguchi ( Deputy Governor )
Yasuo Gotoh
Susumu Taketomi
Toshio Miki
Nobuyuki Nakahara
Eiko Shinotsuka
Kazuo Ueda

( Others present )
From Ministry of Finance:Sadakazu Tanigaki, State Secretary for Finance ( from 2:27 p.m.)
From Economic Planning Agency:Hiroshi Imai, Parliamentary Vice Minister ( 9:00 a.m. to 0:07 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"
9:20 a.m. on Thursday, October 15, 1998
English version of "The Background"
End of October 1998

Release of minutes :

2:00 p.m. on Wednesday, November 18, 1998