Announcement of the Monetary Policy Meeting Decisions (May 18, 19)

May 19, 2006
Bank of Japan

At the Monetary Policy Meeting held today, the Bank of Japan decided, by unanimous vote, to set the following guideline for money market operations for the intermeeting period:

The Bank of Japan will encourage the uncollateralized overnight call rate to remain at effectively zero percent.

(Reference)

• Meeting hours : May 18th: 14:00-15:53
  May 19th : 9:00-12:03

• Members present : Toshihiko Fukui ( Governor )
  Toshiro Muto ( Deputy Governor )
  Kazumasa Iwata ( Deputy Governor )
  Miyako Suda
  Shin Nakahara
  Hidehiko Haru
  Toshikatsu Fukuma
  Atsushi Mizuno
  Kiyohiko G. Nishimura

(Others present)

May 18th:
From Ministry of Finance:

Kazuyuki Sugimoto, Deputy Vice Minister for Policy Planning and Co-ordination (14:00-15:53)

From Cabinet Office:

Yoshiro Nakajo, Vice-Minister for Policy Coordination (14:00-15:53)

May 19th:
From Ministry of Finance:

Kazuyoshi Akaba, Senior Vice Minister of Finance (9:00-11:48,11:50-12:03)

From Cabinet Office:

Yoshiro Nakajo, Vice-Minister for Policy Coordination (9:00-11:48,11:50-12:03)

• Release of Monthly Report of Recent Economic and Financial Developments:
  ( Consisting of "The Bank's View" and "The Background" )

"The Bank's View"

3:00 p.m. on Friday, May 19

Full text (Consisting of "The Bank's View" and "The Background")

2:00 p.m. on Monday, May 22 (Japanese)
4:30 p.m. on Tuesday, May 23 (English)

• Release of minutes :

2:00 p.m. on Tuesday, June 20, 2006