Japanese government bond prices closed broadly lower Thursday as investors sold debt papers end snapped up stocks following hawkish comments from a member of the Bank of Japan's policy board. "If interest rate adjustments are conducted too slowly, this could increase the risk of overheating the economy and, if a policy call turned out to be too late and the risk of overheating has surfaced, we would have to act more aggressively (than we do now)," the central bank's Miyako Suda said in a speech to a business community in central Japan. "To avoid being behind the curve, it is desirable to look beyond the (current) economic condition and make a policy call in a preemptive and gradual manner," she said.
