Bank of Japan's statement on policy guidelines

Following is the full text of the Bank of Japan's statement on its change in monetary policy guidelines, Thursday 9 March.

Change in the Guideline for Money Market Operations

At the Monetary Policy Meeting held today, the Bank of Japan decided to change the operating target of money market operations from the outstanding balance of current accounts at the Bank to the uncollateralized overnight call rate, and to set the following guideline for money market operations for the intermeeting period

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