Money Market Operations in Fiscal 2007

Financial Markets Department
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Financial Markets Department: Bank of Japan

No 2008-08-29, Bank of Japan Research Papers from Bank of Japan

Abstract: Throughout fiscal 2007, the Bank of Japan conducted money market operations with the uncollateralized overnight call rate as the operating target. The target level for the uncollateralized overnight call rate remained at "around 0.5 percent" throughout all of fiscal 2007. During this period, the basic loan rate applied to the complementary lending facility was 0.75 percent.

Date: 2008-08-29
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