BoJ Official: Today's special operation aimed at achieving BoJ’s long-term rate target

A Bank of Japan (BoJ) official came out on the wires now, via Reuters, explaining today’s fixed rate operation conducted by the Japanese central bank.

The official said that today's special operation was aimed at achieving BoJ’s long-term rate target of around 0%.

In late-Asia, the BoJ conducted the second fixed rate operation for this week, by offering to buy JGBs in 5-10-year maturity outright.