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'Mr Yen' sees surge in currency in latter half of 2016

Ex Finance Ministry official Sakakibara sees more stimulus including further cuts to minus 0.1% deposit rate
Friday, March 18, 2016 - 05:50

BT_20160318_NAHYEN18_2172778.jpg
When the yen started 2016 as the developed world's best performer, most analysts were taken by surprise but Prof Sakakibara sees a surge of about 6 per cent to 105 in H2 2016.

BT_20160318_NAHYEN18_2172778.jpg
When the yen started 2016 as the developed world's best performer, most analysts were taken by surprise but Prof Sakakibara (above) sees a surge of about 6 per cent to 105 in H2 2016.

Tokyo

WHEN the yen started 2016 as the developed world's best performer, most analysts were taken by surprise. They had been forecasting a record-extending fifth year of declines as central bank easing weighed on the exchange rate.

Not Eisuke Sakakibara. The former Finance Ministry

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