Kozo Yamamoto is a member of Abe's ruling LDP party, and an Abe adviser.

Comments from him crossing the wires (Bloomberg):

  • Essence of Abenomics is monetary policy
  • Changing mindsets is the most important thing
  • Target is achieve full employment
  • Sales tax hike as a big mistake for Abenomics
  • Suggested adding income redistribution arrow
  • Biggest problem is consumption
  • Weak consumption may impact private investment

Yamamoto has called previously for more BOJ easing at the later October meeting


  • BOJ worried that more easing may weaken yen