This is the process of how the guideline for money market operations for the intermeeting period ahead and the release of public statements, which is also put to the vote, are decided.
After the guideline for money market operations for the intermeeting period ahead is decided, Policy Board members discuss "The Bank's View" of recent economic and financial developments as well as the outlook, which is published in the Monthly Report of Recent Economic and Financial Developments. The draft of "The Bank's View" is formulated based on the members' discussion and put to the vote.