Central Banks
Mr. Yen Says BOJ May Surprise Again by Tightening in January
- Sakakibara says yen may rise to 120 per dollar on BOJ pivot
- BOJ may widen 10-year yield trading band again: Sakakibara
This article is for subscribers only.
The Bank of Japan may surprise markets again by tightening monetary policy as soon as next month, according to Eisuke Sakakibara.
The professor at Tokyo’s Aoyama Gakuin University, known as “Mr. Yen” for his ability to influence the currency during his tenure as Japan’s vice finance minister from 1997-1999, says there’s some potential for the BOJ to raise the cap on 10-year bond yields again at its next meeting. He sees the yen strengthening to 120 per dollar as the BOJ backs away from ultra-dovish settings.