Ex-MoF Sakakibara says yen is gradually appreciating to 100

20 June 2016, 06:16
Sherif Hasan
  • Says yen is gradually appreciating to 100

  • May reach 100 by the end of 2016

Thanks Sak, appreciate your input

Headlines via Bloomberg

'Mr. Yen' Eisuke Sakakibara, former Vice Finance Minister and in charge of intervention at Japan's Ministry of Finance from 1997 to 1999.
  • If yen breaks 100, intervention possible
  • 2% inflation target is very difficult, BOJ may ease further
  • US unlikely to agree to intervention at current levels
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