Japan’s ‘Mr. Yen’ Says Currency May Rise Past 75 Per Dollar

Japan’s currency may strengthen to a postwar high against the dollar because of the weakness of the U.S. economy, said former Finance Ministry official Eisuke Sakakibara, who’s known as “Mr. Yen.”

“The yen may appreciate further, beyond 75,” Sakakibara said in an interview from Tokyo on Bloomberg Television today. “I would expect the U.S. economy to be fairly weak for a long period of time.”