"Mr. Yen" Sakakibara says USD/JPY slowly to 90 in 2017

Author: Eamonn Sheridan | Category: News

Bloomberg carrying some headline remarks from Eisuke Sakakibara, ex of the MoF and once known as Mr. Yen

  • USD/JPY between 95 to 100 is OK for Japan's economy
  • BOJ curve strategy is appropriate
  • Yen will probably see a slow gain to 90 in 2017
  • 1% economic growth is sufficient
  • The Bank of Japan has not lost control of the exchange rate
  • It will be time to talk with the US on intervention if USD/JPY at 80

Sakakibara is a former Finance Ministry official in charge of currency intervention in Japan.
He was dubbed Mr. Yen for his ability to influence the yen exchange rate in the 1990s
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