Yen Drop to 1998 Low Plausible as Abe Goes to Polls: Currencies

If you think the yen looks weak now, try 140 per dollar and beyond, levels unseen since 1998.

That’s how far Societe Generale SA’s Albert Edwards says Japan’s currency will fall by March, while BNP Paribas SA’s chief Japan economist says investors will start speculating on an exchange rate of 130 in late 2015 and 140 the year after. Strategists are seeing more weakness in the yen on bets Prime Minister Shinzo Abe will do whatever it takes to haul the economy out of recession after government and Bank of Japan stimulus sent the currency down 14 percent since June.