Mr. Yen Sees Currency Strengthening as Global Growth Fizzles

  • Eisuke Sakakibara projects range of 115 to 120 per dollar
  • Former vice minister of finance sees demand for safe assets

The yen will probably appreciate as slowing global economic growth drives investors to seek safe assets, according to Eisuke Sakakibara, who was nicknamed “Mr. Yen” when he served as Japan’s vice minister of finance from 1997 to 1999.

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