Japan’s Hamada: Current yen level not "extremely strong"

Economic adviser to the Japanese PM Abe, Hamada, is on the wires now, via Reuters, commenting on the exchange rate level.

Main Points:

Current yen level not "extremely strong"

No need for BOJ to raise 10yr JGB yield target just because US yields rise

BOJ should raise 10year yield if Japan gets over stimulated

Natural for cars, agriculture to be in US-Japan talks

Tokyo should strongly argue Japan and China have different stances on currency policy