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Announcement of the Monetary Policy Meeting Decisions (Dec. 15)

December 15, 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.


Meeting hours :
9:01 a.m. to 3:28 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 ( 9:01 a.m. to 0:19 p.m.)

From Economic Planning Agency :
Hiroshi Imai, Parliamentary Vice Minister ( 9:01 a.m. to 0:19 p.m.)SeijiShinpo, Director General, Research Bureau ( from 13:10 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, December 17, 1998
English version of "The Background"
End of December 1998

Release of minutes :
2:00 p.m. on Wednesday, February 17, 1998