Masatsugu Asakawa, vice minister of finance for international affairs.

Nikkei reporting on an interview Tuesday.

  • sees the yen's recent surge as excessive
  • "I cannot help but assess the [yen] movements as one-sided,"
  • Surging U.S. Treasury yields ... a development Asakawa calls the "beginning of a sea change."
  • "Going forward, the U.S. economy will probably be robust, and interest rates will rise," said Asakawa. "We must not forget the impact that will have on capital markets in emerging nations."

Yen has reversed some of its gains this week already ... Mr. A should be happy with that