BOJ board member says lifting 10-year bond yield cap could delay economic recovery

The Bank of Japan must be mindful of the risk that lifting its cap for 10-year Japanese government bond yields could interfere with the country’s economic recovery, policy board member Asahi Noguchi said Thursday.

Noguchi said raising the bond yield cap could reduce the degree of monetary easing by causing a rise in long-term yields, eventually leading to a delay in the economy’s recovery.

“We…