Koichi Hamada is a key economic adviser to Japanese PM Abe
Also:
- Consumption tax must be raised at some point
- Needed because Japan long-term finances not solid
- Says sales tax rise is PMs decision
Headlines crossing the wires. Note, these sorts of comments may account for the fall in the Nikkei and the then spillover into USD/JPY – BUT they hit Bloomberg well after the fall.
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My guess is the selling is more likely moves ahead of the weekend elections in Japan, reducing positions ahead of a political-risk weekend.
