Comments from Ex-MOF Eisuke Sakakibara, or Mr. yen as he is affectionately known
(These have been out a while, but getting re-runs now the yen has gained)
"The yen's appreciation isn't the result of monetary policy or because Japan's recovery is strong, it's that the world economy has become very disorderly," Sakakibara, who is currently a professor at Aoyama Gakuin University, said in an interview Tuesday in Tokyo. "The problems in the Chinese economy won't be so easy to sort out, and global growth is stagnating. In that environment, the yen will necessarily strengthen. We're in the first phase of that now.
