Minutes of Japan's Monetary Policy Meeting

MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 16 and 17 December 2002, released 27 January. Japan's Ministry of Finance pressured the BOJ to increase its monthly purchases of government bonds to two trillion yen ($16.97 billion) from 1.2 trillion yen but the central bank rejected the push. The ministry's representative at the meeting also called on the central bank to remove temporarily the BOJ's limit on JGB holdings, the minutes show.

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