- USDJPY at 120.00 is positive for overall Japanese economy but steps needed to ease impact on consumers
PM Abe’s adviser out with some spin
- consumer inflation around 1.5% is acceptable under current jobs market situation and oil price
- corp tax rate should be cut to closer to 20%
USDJPY lower again at 117.55 ignoring the “USDJPY 120 is ok” line
Hamada- USDJPY @ 120 is ok for Japan overall
