Japan holds rates and delays disbursement of fund provision

bank-of-japan

The Bank of Japan today (August 9) revealed its policy board had decided by unanimous vote to encourage the uncollateralised overnight call rate to remain at around 0 to 0.1%.

Lamenting the fact that overseas economies have not emerged from a deceleration phase, the policy-makers also noted some "nervousness" in global financial markets, "mainly due to concern about the European debt problem". As a result, the board members called for particular attention to be given to developments in these mar

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