Updated: 04/10/2013 01:12

Abe aide: Current yen level good for Japan economy



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.

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