boj speech, 2005-12-08
The two pillars of the quantitative easing policy are: the Bank's provision of ample liquidity to the money market so that the outstanding balance of current accounts at the Bank substantially exceeds the amount of required reserves of about 6 trillion yen; and the Bank's commitment to continue with this provision of ample liquidity until the year-on-year rate of change in the CPI (excluding fresh food, on a nationwide basis) registers zero percent or higher on a sustainable basis.
Sentiment: neutral
Topic: mp_interest_rate