Interview with BOJ's financial markets head
"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 difficult to say in advance what level will constitute the end of reducing excess funds, as liquidity demands among financial institutions are not uniform."
"There seems to be no convergence in market expectations for the timing of an end to zero interest rates. It is not unnatural for market views to be divided and for volatility to somewhat increase. It is up to the Policy Board to decide when to lift zero interest rates."
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