FXstreet.com (Jakarta) - The Meeting Minutes released by BoJ at Friday showed, that at the central bank policy board meeting on 6-7 May, members agreed on the importance of limits on the central bank's government bond buying, suggesting it is unwilling to expand such purchases. The banknote rule limits the BOJ's JGB purchases to the amount of outstanding banknotes.
At the meeting, the BOJ policy board voted unanimously to hold interest rates unchanged at 0.1%. But the bank decided to expand the range of collateral for its liquidity-provision operations, moving to make funds more easily available to cash-strapped financial institutions battling the recession.
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