Announcement of the Monetary Policy Meeting Decisions (Sep. 14)

September 14, 2000
Bank of Japan

(For immediate release)

At the Monetary Policy Meeting held today, the Bank of Japan decided, by majority vote, to maintain the following guideline for money market operations for the inter-meeting period:The Bank of Japan will encourage the uncollateralized overnight call rate to move on average around 0.25%.

(Reference)

Meeting hours : 9:01 a.m. to 2:38 p.m.

Members present :
Masaru Hayami (Chairman, Governor)^*
Sakuya Fujiwara (Deputy Governor)
Yutaka Yamaguchi (Deputy Governor)
Susumu Taketomi
Toshio Miki
Nobuyuki Nakahara
Eiko Shinotsuka
Kazuo Ueda
Teizo Taya

(Others present)

From Ministry of Finance:
Yoshitaka Murata, Senior State Secretary for Finance (from 9:01 a.m.)

From Economic Planning Agency:
Shinya Ono, Senior State Secretary for Economic Planning (9:01 a.m. to 12:21 p.m.)
Takao Komine, Director-General of the Research Bureau (from 1:17 p.m.)

• Mr. Hayami was absent from 9:01 a.m. to 10:20 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.

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"
2:00 p.m. on Monday, September 18, 2000
English version of "The Background"
End of September 2000

Release of minutes :
2:00 p.m. on Wednesday, October 18, 2000