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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: N who wrote (29015)	9/27/1999 1:40:00 AM
From: N	Respond to of 50167

boj.or.jp September 26, 1999 Bank of Japan -------------------------------------------------------------------------------- 1.The Bank of Japan has provided ample liquidity in the context of the zero interest rate policy. 2.The Bank is concerned about the negative impact of the recent rapid yen appreciation on economic activity and prices. This view is shared with the government. 3.The Bank is prepared to use the flexibility it has in the context of the present monetary policy stance to respond appropriately and timely to developments in the economy as well as financial markets, including the foreign exchange market. 4.We are exploring how we could improve money market operations so as to assure the further permeation of liquidity in the context of the zero interest rate policy.