Ex-BOJ Governor Kuroda Sees Yen Rally Toward 120-130 Per Dollar

Former Bank of Japan Governor Haruhiko Kuroda said that the yen is likely to strengthen to around 120 to 130 to the dollar, as the interest rate gap between Japan and the US is expected to narrow sooner or later.

“The current yen-dollar exchange rate, which is 153 yen to the dollar or something like that — that is too weak,” Kuroda told Bloomberg TV interview with Haslinda Amin on Thursday in the sidelines of the Barclays Asia Forum in Singapore. “At some stage the yen-dollar rate would recover toward 120 or 130 yen to the dollar,” he said.