Former MOF official out on Bloomberg

  • Tankan was neutral
  • Japanese economic growth of +1-1.5% would be "alright"
  • Japan can not keep on stimulating from fiscal side so mon pol is key
  • Abenomics in 2013 was quite successful, however increase in consumption tax in 2014 caused economy to sag
  • 2015 is a key period

Sakakibara got his nickname in the 1990s for his influence over the exchange rate whilst vice fin min and is now a university professor

Mr Yen - no longer the force he was for forex markets