OMOs have contributed to calm: Japan's Shirakawa

- Central Banking staff
- 04 Jun 2008

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Masaaki Shirakawa, the governor of the Bank of Japan, praised the flexibility of the central bank's money market operations, which had contributed to the relative stability of the country's short-term funding market.

"The Bank of Japan has acquired this operational flexibility over time, including through its experience of the financial crisis in the last decade," Shirakawa said.

"When faced with increased stress in the money market over the past ten months, the Bank of Japan responded by

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