Economics
Adviser to Abe Starts to See Risk That Abenomics May Not Do Well
- Koichi Hamada has been vocal about harm from a stronger yen
- He says abandoning Abenomics program is out of the question
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One of Shinzo Abe’s advisers cast a shadow over the prime minister’s revival program for Japan, warning that he’s starting to see a chance that Abenomics may not do well.
Koichi Hamada, an outspoken former Yale University professor who’s part of a circle of economists that Abe’s drawn on for ideas, has been vocal in recent days about the challenges facing Japan. In his latest remarks on Wednesday, Hamada said that while giving up on Abenomics is out of the question, policy makers must be on guard against the yen strengthening.