Teiko Kudo has come a long way from her days at a Sumitomo Bank branch in the 1980s, when clients often asked her to hand the phone to a male loan officer because she was a woman. Last month she became the lender’s first female top manager, promoted to a level shared by 88 men.
The euro may lose 20 percent or more against the dollar and fall below 100 yen as concern over Europe’s debt crisis mounts, according to Eisuke Sakakibara, the former Ministry of Finance official known as “Mr. Yen.”
Japan’s yen may strengthen to as high as 75 per dollar, a former top Finance Ministry official said as policymakers voiced increased concern about the threat the strengthening currency poses to the nation’s economy.
Naoto Kan , Japan’s first leader in 15 years with no family connection to politics, pledged to draw from his common upbringing to help revive an economy hamstrung by persistent deflation and the world’s biggest public debt .
The yen may drop to 108 per dollar in the coming year as Japan’s main government pension fund invests more of the world’s largest pool of retirement savings abroad, former Ministry of Finance official Eisuke Sakakibara said.
Japan’s government will struggle to halt the yen’s advance toward a record high because the U.S. probably won’t support any intervention to weaken it, said Eisuke Sakakibara , formerly Japan’s top currency official.