Today, the former Minister of Finance , Eysuke Sakakibara, known among traders by the nickname “Mr. Yen” gave a short interview. The official said that in his forecast of 2017, the yen will slowly but surely come to around Y90. Sakakibara said the yen to Y95-Y100 range is very favorable for the Japanese economy and can provide the necessary minimum rise of 1% of GDP. Also he supported the recent decision of the Bank of Japan, and said that the regulator is monitoring the situation on the currency market.
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