Bank of Japan Pledges to Provide Emergency Liquidity: Full Text

Following is a reformatted version of a Bank of Japan statement on changes in its management of foreign-exchange reserves, released in Tokyo today.

The Bank of Japan (Bank), as the central bank of Japan, holds foreign currency assets in preparation for the smooth and flexible conduct of its policies and related operations. The Bank has considered a high degree of safety and liquidity to be essential when managing its foreign currency assets, and, provided this condition is met, return shall also be taken into consideration.