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.
–
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
