TOKYO, July 31 -- Ministry of Economy, Trade and Industry of Japan issued the following news release:

At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by a unanimous vote, to set the following guideline for money market operations for the intermeeting

period:

The Bank will encourage the uncollateralized overnight call rate to remain at around 0.5

percent.

Reference Meeting hours:

Wednesday, July 30: 14:00-15:51 Thursday, July 31: 9:00-11:50 Policy Board members present: UEDA Kazuo, Chairman (Governor) HIMINO Ryozo (Deputy Governor) UCHIDA Shinichi (Deputy Governor)

NOGUCHI Asahi NAKAGAWA Junko TAKATA Hajime TAMURA Naoki KOEDA Junko MASU Kazuyuki [Others present]

July 30 From the Ministry of Finance: MAEDA Tsutomu, Deputy Vice-Minister for Policy Planning and Coordination (14:00-15:51)

From the Cabinet Office: HAYASHI Sachihiro, Vice-Minister for Policy Coordination (14:00-15:51) July 31

From the Ministry of Finance: SAITO Hiroaki, State Minister of Finance (9:00-11:28, 11:34-11:50)

From the Cabinet Office: SETO Takakazu, State Minister of Cabinet Office (9:00-11:28, 11:34-11:50)

Release dates and times: Statement on Monetary Policy -- Thursday, July 31 at 11:57 Outlook for Economic Activity and Prices (Outlook Report) The Bank's View -- Thursday, July 31 at 11:57 Full text -- Friday, August 1 at 14:00 Summary of Opinions -- Friday, August 8 at 8:50 Minutes of the Monetary Policy Meeting -- Thursday, September 25 at 8:50

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