PM Abe's advisor on the wires a short while ago
- BOJ should ease if China policy causes over strong yen
- need fiscal steps if Japan Q3 GDP fails to grow
- declines to comment on current yen levels
"The Q2 GDP numbers weren't good. If this continues for another quarter then it is hard to blame seasonal factors
So if GDP growth is zero or negative, then we will need both monetary easing and fiscal measures"
USDJPY heading higher at 119.40 after the earlier Nikkei led drop below 119.00
The comments follow on from those of LDP senior figure Nikai earlier
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