Japan holds rates and delays disbursement of fund provision
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
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