In general, however, the premium is smaller and the  1  2  This report is based on data and information available when the Bank of Japan Monetary Policy Meeting was held on January 19, 1999.
The Bank’s view on recent economic and financial developments, determined by the Policy Board at the Monetary Policy Meeting held on January 19, as the basis of monetary policy decisions. BIS Review 8/1999  –2–  Euro-yen rates are lower than those on contracts maturing beyond the end of accounting terms in 1998.