Former deputy finance minister Eisuke Sakakibara speaking to Bloomberg 1 Aug

  • Abe's fiscal stimulus plan already priced in
  • USDJPY will slowly move to 100

Repeating his view on USDJPY from 20 June

  • doesn't think Abenomics has failed
  • Kuroda doesn't have any sense of crisis
  • Kuroda relatively satisfied with 1% inflation

Sakakibara got his Mr Yen nickname when he was in charge of intervention at Japan's Ministry of Finance from 1997 to 1999.

USDJPY to slowly move to 100 says Mr Yen