BOJ Should Slow Easing If Yen Weakens Too Much, Hamada Says

The Bank of Japan will need to slow monetary easing if the effects on prices and the yen go too far, said Koichi Hamada, who’s advising Prime Minister Shinzo Abe on choosing a new central bank chief.

Policy makers are “working hard to raise prices and influence the yen,” Hamada told reporters yesterday. “If it goes too far, it should be stopped,” he said after appearing with Economy Minister Akira Amari on an NHK television show in Tokyo.