Former Japan FX Official Sakakibara: Expects USD/JPY to trade toward ¥100 by end of 2018
- BoJ Gov Kuroda will continue QQE for 1-2 years.
- BoJ Gov Kuroda may start talking about an exit in 2-3 years.
- Somewhat worried about China economy
- Kuroda may retire in 2-3 years from now.
For the youngsters, Mr Yen is a Japanese economist,from 1997-1999, he was Japan’s vice Minister of Finance for International Affairs, has always had an outspoken opinion about the value of the currency and is known for having guided the rough ranges for USDJPY in his days and especially to put a lid on around 145 when at the MOF, hence his nickname. He was rather unsuccessful to call the bottom then but he, can’t win them all;) and he hasn’t created deflation or has he?