BOJ's Haru says reserve target may be cut

Bank of Japan policy board member Hidehiko Haru said the BOJ may have to lower its reserve target range before it concludes its ultra-easy monetary policy, if it becomes difficult to keep to the present range, which is set very high.

"We cannot rule out the possibility that we will be unable to keep to [the reserve target] -- and not just temporarily. In that case, I think we will have to consider lowering it," said Hidehiko Haru, one of the Bank's nine board members.

Earlier, Haru said that there

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