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Announcement of the Monetary Policy Meeting Decisions (April 10, 11)

April11, 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.

(Reference)

Meeting hours :
April 10th : 14:00-15:47
April 11th : 8:59-12:43

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)

April 10th:
From Ministry of Finance:
Kazuyuki Sugimoto, Deputy Vice Minister for Policy Planning and Co-ordination (14:00-15:47)

From Cabinet Office:
Yoshiro Nakajo, Vice-Minister for Policy Coordination (14:00-15:47)

April 11th:
From Ministry of Finance:
Kazuyoshi Akaba, Senior Vice Minister of Finance (8:59-12:05, 12:08-12:43)

From Cabinet Office:
Yoshiro Nakajo, Vice-Minister for Policy Coordination (8:59-12:05, 12:08-12:43)

Release of Monthly Report of Recent Economic and Financial Developments:
( Consisting of "The Bank's View" and "The Background" )

"The Bank's View"
3:00 p.m. on Tuesday, April 11
Full text (Consisting of "The Bank's View" and "The Background")
2:00 p.m. on Wednesday, April 12 (Japanese)
4:30 p.m. on Thursday, April 13 (English)

Release of minutes :
2:00 p.m. on Wednesday, May 24, 2006