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'Abenomics' theorist wants further easening, yen's depreciation

BY HIROSHI MATSUBARA AJW STAFF WRITER

photo:Koichi Hamada poses for photographers before his news conference at the Foreign Correspondents' Club of Japan in Tokyo on Jan. 18. (Hiroshi Matsubara)Koichi Hamada poses for photographers before his news conference at the Foreign Correspondents' Club of Japan in Tokyo on Jan. 18. (Hiroshi Matsubara)

With Japan's currency dipping below 90 yen to the dollar for the first time in more than two years on Jan. 18, the theorist behind Prime Minister Shinzo Abe's "Abenomics" strategy said a further drop is nothing to worry about and will benefit Japan's export-reliant economy.

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