Accordingly, the Bank held an unscheduled Monetary Policy Meeting on August 30, 2010 and decided to introduce a six-month term in the fixed-rate funds-supplying operation against pooled collateral and start providing additional funds amounting to approximately 10 trillion yen with a six-month term.
The Bank believes that the monetary easing measure, together with the government’s efforts, will be effective in further ensuring Japan’s economic recovery. Downside risks to Japan’s economy, however, still require close monitoring amid the growing uncertainty about the future, especially for the U.S. economy.