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Announcement of the Monetary Policy Meeting Decisions (May 18, 19)

May 19, 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 : May 18th: 14:00-15:53
    May 19th : 9:00-12:03
  • 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)

May 18th:
From Ministry of Finance:

Kazuyuki Sugimoto, Deputy Vice Minister for Policy Planning and Co-ordination (14:00-15:53)

From Cabinet Office:

Yoshiro Nakajo, Vice-Minister for Policy Coordination (14:00-15:53)

May 19th:
From Ministry of Finance:

Kazuyoshi Akaba, Senior Vice Minister of Finance (9:00-11:48,11:50-12:03)

From Cabinet Office:

Yoshiro Nakajo, Vice-Minister for Policy Coordination (9:00-11:48,11:50-12:03)

  • 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 Friday, May 19
Full text (Consisting of "The Bank's View" and "The Background")
2:00 p.m. on Monday, May 22 (Japanese)
4:30 p.m. on Tuesday, May 23 (English)
  • Release of minutes :

2:00 p.m. on Tuesday, June 20, 2006