Japan PM advisor Hamada says Japan's economy aided by weak yen

FXStreet (Łódź) - Japan Prime Minister Shinzo Abe´s advisor Koichi Hamada said in an interview on Monday that there was still scope for yen weakening further. This way it would continue offering support for the Japanese economy, by boosting profits, tax revenues and employment.

Hamada also commented on the impact of the sales tax increase, implemented in April, saying that the decision on further hikes will be made after evaluating economic performance in the third quarter of the year. There is a possibility of delaying the next rise by one year, he suggested.

Hamada´s comments failed to move USD/JPY which remained at 105.10.