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BOJ wary of 10-year bond yield target hike even if CPI reaches 1%

Officials see considerable risks in moving too quickly, mindful of previous exits

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Mr Kuroda said in Davos last week that he expects GDP growth of around 1.5 per cent for the fiscal year starting in April, higher than 1.3 per cent that the BOJ forecast three months ago.

Tokyo

BANK of Japan (BOJ) officials would rather be late than early in raising their 10-year bond yield target from zero per cent, even if consumer price gains reach one per cent later this year, according to sources familiar with the central bank's discussions.

Officials see

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