Abe aide: Current yen level good for Japan economy
Current dollar- yen levels are positive for Japan's export-reliant economy and appropriate judging from the country's competitiveness.
That's according to Koichi Hamada, an economic adviser to Prime Minister Shinzo Abe who spoke to Reuters newswire.
He said that at around 100 yen, the currency has returned to levels around the time of the Lehman crisis and it's an appropriate level looking from indicators gauging each country's competitiveness such as real, effective exchange rates
Mr Hamada also welcomed last week's monetary easing measures by the Bank of Japan, saying they were steps in the right direction
Looking ahead, he added if the BOJ were to ease policy further, it can boost purchases of government bonds, exchange-traded funds and real-estate trust funds.
MORE BUSINESS NEWS
Latest Photo Galleries on xinmsn
Egypt and several European countries urge their nationals to get out of Libya as spiralling violence between the military and Islamists leav... More Egypt and several European countries urge their nationals to get out of Libya as spiralling violence between the military and Islamists leaves scores dead. Duration: 00:54
Date 5 hrs ago, Duration 0:54, Views 91