A decline in Japan's currency to a range of 95-100 against a dollar is not a matter of concern, Koichi Hamada, a special economic adviser to Prime Minister Shinzo Abe said Friday.
But further weakness of yen to 110 per dollar would pose a problem to the economy, he said in Tokyo.
Hamada, a Yale University professor, said the Bank of Japan is likely to initiate further monetary easing at the next policy meeting on January 21-22.
The BoJ currently has an inflation target of 1 percent, which is widely expected to adopt a target of 2 percent as sought by Prime Minister Shinzo Abe.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.