BOJ Meeting Minutes for October 30th Meeting
Written November 25, 2009 at 7:30 PM EST by Alex Chernomordin
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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