Announcement of the Monetary Policy Meeting Decisions (June 28)

June 28, 2001
Bank of Japan

(For immediate release)

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

The Bank of Japan will conduct money market operations, aiming the outstanding balance of the current accounts at the Bank at around 5 trillion yen.

Should there be a risk of financial market instability, e.g., a rapid surge in liquidity demand, the Bank will provide ampler liquidity irrespective of the guideline above.

(Reference)

Meeting hours : 9:02 a.m. to 12:43 p.m.

Members present :
Masaru Hayami (Governor)
Sakuya Fujiwara (Deputy Governor)
Yutaka Yamaguchi (Deputy Governor)
Toshio Miki
Nobuyuki Nakahara
Kazuo Ueda
Teizo Taya
Miyako Suda
Shin Nakahara

(Others present)

From Cabinet Office:
Heizo Takenaka, Minister of State for Economic and Fiscal Policy
(from 9:02 a.m.)From Ministry of Finance:
Seiichiro Murakami, Senior Vice Minister of Finance
(from 9:02 a.m.)

Release of minutes :
2:00 p.m. on Friday, Aug. 17, 2001