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 qua

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