Little change expected for yen in run-up to fiscal year-end

In an address at the Foreign Correspondent’s Club in Tokyo on February 21, Sakakibara attacked what he perceives as the Japanese government’s so-far inadequate financial and structural reforms. He predicts that Japan is likely to face an economic crisis this year, precipitating a yen fall to between 150-170 against the US dollar. However, the markets barely responded, and there was no impact on the dollar/yen, which ended the day at 133.78, compared with 133.66 the day before. “He was always

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