Announcement of the Monetary Policy Meeting Decisions (Dec.15)

December 15, 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 2:31 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:
Seiichiro Murakami, Senior State Secretary for Finance (from 9:00 a.m.)

From Economic Planning Agency:
Yoshirou Nakajo, Deputy Director-General of the Coordination Bureau (9:00 a.m. to 1:22 p.m.)
Takao Komine, Director-General of the Research Bureau (from 1:22 p.m.)

• Mr. Hayami was absent from 9:00 a.m. to 10:14 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, December 18 , 2000
English version of "The Background"
With in a few business days from the release of"The Bank's View"

Release of minutes :
2:00 p.m. on Wednesday, January 24, 2001