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The Bank of Japan’s next policy move may be to raise its bond-yield target to keep the yen from weakening too much, according to a BOJ adviser and longtime associate of Gov. Haruhiko Kuroda.

While the yen has strengthened this year, Masahiro Kawai said in an interview Monday that the central bank needs to be prepared for a possible overheating of the U.S. economy that could quickly weaken the Japanese currency.

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