8 February 2002, 09:56 BoJ maintains existing monetary policy by majority vote
TOKYO (AFX-ASIA) - The Bank of Japan said it decided by a majority
vote to maintain its existing guidelines at its policy board meeting.
"The Bank of Japan will conduct money market operations, aiming at
the outstanding balance of the current accounts at the bank at around
10-15 trln yen," it said in a statement.
"Should there be a risk of financial market instability, such as a
surge in liquidity demand, the bank will provide more liquidity
irrespective of the guideline above," it added.
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