2  BIS central bankers’ speeches  C.  Policy responses  With these things in mind, the Bank recognized that, in ensuring stability in public sentiment and in financial markets, it will be critical to examine the effects of the earthquake on Japan’s economic and financial conditions in the immediate future as well as promptly announce its guideline for money market operations.
Therefore, the Bank shortened the duration of its Monetary Policy Meeting to one day from an initially scheduled two days and, upon examining the current situation, judged it necessary to further enhance monetary easing.