Bank of Japan - Annual Review 2003

The Bank of Japan has published its Annual Review 2003. In the foreword to the Review Governor Toshihiko Fukui said the Bank will continue to do its utmost to meet the challenges currently facing the economy and to secure its future economic prospects. With regard to monetary policy, we are in a situation where the most important monetary policy tool, the interest rate, cannot be used effectively. Despite this situation, the Bank will explore possible measures to further facilitate corporate

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