Announcement of the Monetary Policy Meeting Decisions (Oct.13)

October 13, 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 : 9:00 a.m. to 3:32 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 (9:00 a.m. to 11:38 a.m.)
Tsunekazu Haraguchi, Deputy Vice Minister for Policy Co-ordination (from 11:38 a.m.)

From Economic Planning Agency:
Eiji Kawade, Director-General of the Co-ordination Bureau (9:00 a.m. to 12:17 p.m.)
Takashige Komoda, Deputy Director-General of the Co-ordination Bureau(from 1:15 p.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"
2:00 p.m. on Monday, October 16 , 2000
English version of "The Background"
End of October 2000

Release of minutes :
2:00 p.m. on Wednesday, November 22, 2000