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U.S.Economy: 
Bank of Japan Holds Rates
Author: 123jump.com Staff
123jump.com
Last Update: 10:36 AM EST February 15 2008


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The Bank of Japan announced on its website today that it had unanimously voted to keep its key interest rate unchanged at 0.5%. In the previous two votes Atsushi Mizuno had disagreed with other members.

 
This is the unedited press release from Bank of Japan


At the Monetary Policy Meeting held today, the Bank of Japan decided, by a 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 around 0.5 percent.


Voting for the action:
Mr. T. Fukui, Mr. T. Muto, Mr. K. Iwata, Ms. M. Suda, Mr. A.
Mizuno, Mr. K. G. Nishimura, Mr. T. Noda, Mr. S. Nakamura, and Mr. H. Kamezaki.

Voting against the action:
None.


Available at:

http://www.boj.or.jp/en/type/release/adhoc/k080215.pdf
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