BOJ must watch for overshoot in yields, Nakahara

Bank of Japan policy board member Shin Nakahara said on Wednesday that the BOJ must watch for any overshooting in long-term yields, in an attempt to reduce concerns as the economy recovers and speculation of a policy switch arises.

Nakahara, addressing a news conference in Akita, northern Japan, also said that a strict inflation target was not appropriate. He had said in an earlier speech that the BOJ should indicate an ideal rate of inflation to manage expectations.

"Even after we abandon

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