Japan PM adviser Hamada says dollar at Y120 acceptable

April 14, 2015 11:16 AM

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Japan PM adviser Hamada says dollar at Y120 acceptable

TOKYO (Reuters) - The yen is fairly valued around current levels, a key economic adviser to Prime Minister Shinzo Abe said on Tuesday, a day after comments he made were taken to mean the yen was too weak.

Koichi Hamada, an emeritus professor of economics at Yale University, also told Reuters he was not suggesting the Bank of Japan ease policy at its next meeting this month, in contrast to the recent views of another Abe adviser.

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