Announcement of the Monetary Policy Meeting Decisions (Jan.19)

January 19, 1999
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.

(Reference)

Meeting hours :
9:01 a.m. to 3:34 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

From Ministry of Finance:
Toshirou Mutou, Deputy Vice Minister for Policy Co-ordination ( from 9:01 a.m.)
From Economic Planning Agency:
Seiji Shinpo, Director General, Research Bureau ( from 10:33 a.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, January 21, 1999
English version of "The Background"
Early February 1999

Release of minutes:
2:00 p.m. on Tuesday, March 2, 1999

• Mr. Hayami was absent from 9:01 a.m. to 9:17 a.m. to attend a meeting of the Ministerial Council which discussed issues including the Economic Planning Agency's Monthly Economic Report. During his absence, Mr. Fujiwara performed the duties of chairman pursuant to Article 16, Paragraph 5 of the Bank of Japan Law of 1997.