Announcement of the Monetary Policy Meeting Decisions (unchanged, Announced at 12:51 pm)

April 9, 2008
Bank of Japan

At the Monetary Policy Meeting held today, the Bank of Japan
decided, by a unanimous vote,[Note] 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 around 0.5 percent.

[Note] Voting for the action: Mr. M. Shirakawa, Mr. K. G. Nishimura, Ms. M. Suda, Mr. A.Mizuno, Mr. T. Noda, Mr. S. Nakamura, and Mr. H. Kamezaki.

Voting against the action: None.

(Reference)
Meeting hours:
April 8: 14:00-16:31
April 9: 8:59-12:20
Policy Board members present:
Masaaki Shirakawa (Deputy Governor)*
Kiyohiko G. Nishimura (Deputy Governor)
Miyako Suda
Atsushi Mizuno
Tadao Noda
Seiji Nakamura
Hidetoshi Kamezaki

*Mr. Shirakawa was absent from 2:00 p.m. to 3:51 p.m. on April 8, to attend a meeting of the Committee on Rules and Administration of the House of Councillors.

During his absence, Mr. Nishimura performed the duties of chairman pursuant to Article 16, Paragraph 5 of the Bank of Japan Law.

(Others present)
April 8
From the Ministry of Finance:
Masaki Suzuki, Deputy Vice Minister for Policy Planning and Co-ordination
(14:00-16:31)
From the Cabinet Office:
Jun Hamano, Vice-Minister for Policy Coordination (14:00-16:31)
April 9
From the Ministry of Finance:
Masaki Suzuki, Deputy Vice Minister for Policy Planning and Co-ordination
(8:59-11:50,11:53-12:20)
From the Cabinet Office:
Jun Hamano, Vice-Minister for Policy Coordination
(8:59-11:50,11:53-12:20)
Release of the 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 Wednesday, April 9
Full text (Consisting of "The Bank's View" and "The Background")
2:00 p.m. on Thursday, April 10 (Japanese)
4:30 p.m. on Friday, April 11 (English)
Release of the minutes:
8:50 a.m. on Friday, May 23