BOJ Meeting Minutes for October 30th Meeting

Written November 25, 2009 at 7:30 PM EST by  

The BOJ meeting minutes moved the USD slightly higher against the Yen after being battered all day. The reaction was minimal and the highlights were as follows:

  • Keep financial environment accommodative.
  • Agreed to keep rates at the current level for some time.
  • Agreed to resume collateralized lending if needed.
  • Members said the economy is still on way to sustainable growth.
  • Downside risk to the economy still exist.
  • BOJ should be aware of deflation.
  • BOJ and government share view on the economy.

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