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Yen’s Drop Is Approaching Its Limit, Says Abe Adviser Hamada

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An 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.

“I don’t think it’s a bad thing to send a signal that selling of the yen is coming closer to its limit bit by bit,” Koichi Hamada, an adviser to Abe on monetary policy, told Bloomberg in an interview. If it weakens much further, it could be problematic, according to Hamada.