boj minutes, 2006-03-09
Many members said that, in the process of reducing the outstanding balance of current accounts at the Bank toward a level in line with required reserves, the Bank should carry out money market operations with due consideration, given that financial institutions had managed liquidity against the backdrop of large amounts of current account balances and extensive funds-supplying operations by the Bank for a prolonged period under the quantitative easing policy.
Sentiment: neutral
Topic: mp_interest_rate