Policy Board of the Bank of Japan

Policy Board of the Bank of Japan definition - finance
The governmental agency in Japan that is responsible for setting monetary policy, including setting interest rates. One of the tools the Bank of Japan uses to implement monetary policy is targeting its current account balances held at the Bank of Japan to stay within a range, such as 15 to 20 trillion yen.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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