BoJ's Nakahara cautions on lowering target

A Bank of Japan Policy Board member warned on Thursday 26 May against lowering the target for the balance of current accounts at the central bank due only to a fall in commercial banks' demand for funds.

"Such action could be taken by market participants and overseas investors as a shift to premature monetary tightening," Shin Nakahara said in a speech in Tokushima, Tokushima Prefecture.

"The decision represents only a technical action and does not indicate any monetary policy shift," Nakahara

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