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November 26, 1999
Bank of Japan
(For immediate release)
At the Monetary Policy Meeting held today, the Bank of Japan decided, by majority vote, to maintain its "zero interest rate policy" to assure permeation of the effects of monetary easing.
The guideline for money market operations in the inter-meeting period ahead is as follows:The Bank of Japan will flexibly provide ample funds and encourage the uncollateralized overnight call rate to move as low as possible.
Meeting hours :
9:00 a.m. to 12:48 p.m.
Members present :
Masaru Hayami ( Chairman, Governor )
Sakuya Fujiwara ( Deputy Governor )
Yutaka Yamaguchi ( Deputy Governor )
From Ministry of Finance:
Yoshimasa Hayashi, State Secretary for Finance ( 9:00 a.m. to 12:34 p.m.)
From Economic Planning Agency:
Yuriko Koike, Senior State Secretary for Economic Planning (from 9:00 a.m.)
Release of minutes:
2:00 p.m. on Thursday, January 20, 2000