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.
The yen will rise beyond its postwar high of 79.75 versus the dollar and stay stronger than 80 this year because of structural weakness of the U.S. economy, said Eisuke Sakakibara , formerly Japan’s top currency official.
Japanese Prime Minister Shinzo Abe’s plan to beat deflation with money printing by the central bank is bound to fail as the root causes are more structural, said Eisuke Sakakibara, a former Ministry of Finance official.
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.