PM Abe adviser sees Trump's argument destructive to Japan, world economy
Reuters
Published Feb 01, 2017 12:19AM ET
Updated Feb 01, 2017 12:30AM ET
PM Abe adviser sees Trump's argument destructive to Japan, world economy
TOKYO (Reuters) - U.S. President Donald Trump's arguments on border tax aimed at limiting imports into the United States were contradictory to his criticism of a weak yen, and such one-sided arguments were destructive, an adviser to Prime Minister Shinzo Abe said.
Economic theory suggested implementing a U.S. border tax would cause the dollar to appreciate, Koichi Hamada, emeritus professor of economics at Yale University and cabinet adviser, said at a seminar on Wednesday.
Pushing for border tax and criticizing a weak yen at the same time were contradictory, Hamada said, adding that forcing such an argument was destructive to Japan and world economy.
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Written By: Reuters
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