BOJ's Haru cautious on possible rise in JGB yields

Bank of Japan Policy Board member Hidehiko Haru said on Thursday 3 June that it was expected that interest rates on Japanese government bonds to rise in line with an economic recovery but that an excessive jump may be harmful.

"As the economy keeps improving and the fall in prices shrinks, and the market starts speculating that the BOJ will end its quantitative easing policy early, there is a chance that...longer term rates will begin rising," Hidehiko Haru, one of the policy board's nine members

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