Heizo Takenaka:
- Yen’s recent fall was a result of a correction from an excessive strength,
- The BOJ’s latest easing measures aimed at beating deflation, not a weaker yen.
- “This correction has just started, it’s not fair to say the yen has depreciated too much,”
- “There’s not a very scientific way of thinking about where the yen will end, but lots of people think a range around 95 to the dollar is appropriate at the moment,”
Japan PM Advisor: Yen Still Has Room to Weaken Further (gated)
