BOJ official says JGB operation was successful

Bank of Japan Monetary Affairs Department Executive Director Masayoshi Amamiya is speaking in parliament today along side his boss Kuroda

Says the fixed rate operation last week was successful;

(Amamiya referring to:

• BOJ offers to buy unlmtd amt of JGBs (1 to 3yr maturity, yield 0.02% above prior close)
• BOJ's Kuroda says will continue to use fixed-rate operations as needed

)

And more:

• Operation was to stabilise the bond market
• Will continue to use BOJ fixed-rate operations as needed

Also, more from Kuroda:

• Too early to talk about exit strategy
• Too early to discuss how to shrink the Bank's balance sheet