BOJ minutes

By IBTimes Staff Reporter | January 29 2010 3:21 AM

The Bank of Japan released today the minutes concerning its two meetings held in December, when the bank decided to keep interest rates at 0.10% and the bank kept its assessment for the economy unchanged at the economy is picking up as the various stimulus measures taken in and out of Japan are supporting the economy.

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Regarding the BOJ's exceptional meeting in December 1, policy makers said the central bank will provide 10 trillion yen ($115 billion) in short term loans for 0.1%, and the bank accepted Japan government bonds, commercial papers and corporate bonds as a collateral. This came as a respond to the government's pressures on the BOJ to fight deflation and the surging yen which recorded a 14 years high against the dollar in November.

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