BOJ has not lost control of Yen – Eisuke Sakakibara

Eisuke Sakakibara, also known as Mr. Yen, while talking to Bloomberg said the Bank of Japan has ‘not really lost control of Yen” and that Yen is on a low appreciating trend.

Key quotes

Yen is on a slow appreciating trend

Won’t be surprised to see USD/JPY at 90.00 in 2017

Exchange rate between 90 and 100 is ok for the economy

Expects fiscal policy to play a more important role ahead of Olympics