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Sakakibara says the third arrow was ‘quite disappointing’

Sakakibara says the third arrow was ‘quite disappointing’

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Eamonn Sheridan
11/06/2013 | 00:42 GMT

Dunno what took him so long?

Sakakibara is commenting on CNBC

Sakakibara is a former Vice Minister of Finance for International Affairs at Japan’s Ministry of Finance, he was known as “Mr Yen” due to the ministry’s currency intervention actives during his tenure.

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Also:

  • Says Abe’s speech lacked a ‘strong message’
  • Says yen wont depreciate furher, to hover around 100
  • Further weakening of the yen is not likely at the moment
  • He adds that no-one criticized the US for depreciating its currency
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