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Abe's aide says Japan shouldn't fret if yen falls to 100 vs dlr
A weakening of Japan's currency to 95 or 100 yen to the dollar is nothing to worry about, an economic adviser to Prime Minister Shinzo Abe said on Friday, suggesting that recent yen declines are justified and beneficial for the export-reliant economy. "(A dollar/yen level of) 100 is a very good border line," Koichi Hamada, Abe's special economic adviser, told a news conference. "If you go to 110 or more in yen weakness, then we should be worried. But (a dollar/yen level of) 100 or 95 is nothing to worry about," he said. The comments nudged up the dollar on EBS above 90.14 yen , its highest level in more than ... (full story)
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