Interview with BOJ's financial markets head

In an interview with Reuters published on Monday 5 June, Hiroshi Nakaso, director-general of the Bank of Japan's financial markets department said the BOJ is not targeting a particular level of reserves as it draws down excess liquidity from the banking system.

"Basically, we are conducting open market operations while closely monitoring movements in financial markets," Nakaso said in the interview.

"We do not have a certain level in mind (for the balance of current account deposits). It is dif