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PM Abe adviser sees Trump's argument destructive to Japan, world economy

Reuters

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.

(Reporting by Izumi Nakagawa; Writing by Tetsushi Kajimoto; Editing by Lincoln Feast)

 

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