Abe Economic Adviser Hamada Sees Yen Weak at 120 Per Dollar
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An economic adviser to Prime Minister Shinzo Abe indicated the yen has weakened enough and that the Bank of Japan needn’t force inflation to its 2 percent target.
The yen at 120 against the dollar is “considerably weak” and a level around 105 would be appropriate based on purchasing power parity, Koichi Hamada said on BS Fuji television Monday evening in Tokyo.