TOKYO: The Bank of Japan (BOJ) may raise a cap set around its 10-year bond yield target to 0.75% or double it to 1.0% by around mid-year if inflation overshoots its expectations, Columbia University academic Takatoshi Ito said on Thursday.
Any such move would not happen at least until April, when the BOJ issues fresh quarterly inflation forecasts under a new governor who succeeds incumbent Haruhiko Kuroda, he said.
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