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Chairman's Instructions to the Bank's Staff

January 19, 2001
Bank of Japan

On the basis of the discussions at the Monetary Policy Meeting of January 19, 2001, the Chairman of the Bank's Policy Board, Governor Hayami, issued the following instructions to its staff:

The domestic financial and capital markets have shown greater volatility against the background of recent developments in overseas economies as well as markets, as the end of the fiscal year draws nearer.In light of this, the staff will examine the possible room for further improvements in the way of liquidity provision to the market, with a view to ensuring the smooth functioning and stability of the financial market; report the results to the Policy Board by the next Monetary Policy Meeting.