Wrong time to cut funds target says BOJ's Nakahara

Bank of Japan policy board member Shin Nakahara said in a speech on Monday 3 October that it would be inappropriate to lower the BOJ's funds target now, and that the threshold for ending its superloose policy framework was not low.

"Lowering the current account deposits target would not be appropriate under current economic and price conditions, from the standpoint of maintaining policy credibility and consistency," he said in a speech in Yokohama.

"Even if our standard forecast scenario is for