October 10, 2003
Bank of Japan

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At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan voted to approve the extension of maturities for the purchase of Japanese government securities with repurchase agreements from ' within 6 months ' to ' within 1 year ', with a view to facilitating the Bank's money market operations (regarding the amended text of the principal terms and conditions of this operation, seeAttachment ).

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Attachment

Amendment to"Principal Terms and Conditions for the Purchase/Sale
of Japanese Government Securities with Repurchase Agreements"

• Paragraph 5. shall be amended as follows.
  
  5. Repurchase Agreements
  
  Securities purchased/sold shall be resold/repurchased withinsix monthsone year from the next day of the purchase/sale date.Securities sold shall be repurchased within six months from the next day of the sale date.
  
  
  (Supplementary Provision)
  
  This amendment shall become effective on October 10, 2003.