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BOJ Statement on Monetary Policy
At the Monetary Policy Meeting (MPM) held today, the Policy Board of the Bank of Japan decided, by an 8-1 majority vote, to set the following guideline for money market opera for the intermeeting period: The Bank will encourage the uncollateralized overnight call rate to remain at around 0 percent. Japan's economy has recovered moderately, although some weakness has been seen in part Overseas economies have grown moderately on the whole. Exports and industrial production have been more or less flat. Corporate profits have been on an improving trend and business sentiment has stayed at a favorable level. In this ... (full story)
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