- Koichi Hamada, a key economic adviser to Japanese Prime Minister Shinzo Abe: the Bank of Japan would intervene in the foreign exchange market if the yen rises against the U.S. dollar to Y90-95
Market news
10 May 2016
Koichi Hamada, a key economic adviser to Japanese Prime Minister Shinzo Abe: the Bank of Japan would intervene in the foreign exchange market if the yen rises against the U.S. dollar to Y90-95
Koichi Hamada, a key economic adviser to Japanese Prime Minister Shinzo Abe, said in an interview with Reuters on Tuesday that the Bank of Japan (BoJ) would intervene in the foreign exchange market if the yen rises against the U.S. dollar to Y90-95.
"In case the yen happens to be so firm that it becomes between 90-95 yen per dollar, then Japan would have to intervene even if it angers the United States," he said.
Hamada also said that there was no need for further stimulus measures at the moment.
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