TOE Alert: Growing Number of Currency Traders See Yen Going to Y95-110 Per Dollar; Abe Aide Says Delay Consumption Tax

posted by Richard Katz on February 12, 2016

Found in Japan, categorized in Macro

Tags: Richard Katz TOE MOF Abe Japanese exchange rate

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Meanwhile, the yen continues its gyrations as a growing number of investment banks predict that the Japanese currency will strengthen this year to anywhere from ¥95/$ to ¥110/$


Key points:
Abe Advisor Honda calls for postponement of consumption tax hike
Investment bankers increasingly see yen moving to ¥95-110/$ during 2016
Even MOF intervention seen as creating only temporary interruption in yen rise
Separating out the fundamental and technical factors

About Richard Katz

Richard Katz is Senior Fellow at the Carnegie Council for Ethics In International Affairs, the New York correspondent for Weekly Toyo Keizai, a leading Japanese business magazine, and formerly the editor of The Oriental Economist Report, a monthly newsletter on Japan.

Mr. Katz has taught about Japan’s economy as an Adjunct Associate Professor at the New York University Stern School of Business, and as a Visiting Lecturer in Economics at the State University of New York (SUNY) at Stony Brook.

Mr. Katz is the author of two books on Japan's economic travails and has just finished a third book on reviving entrepreeurship in Japan.

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