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Trading news
1 Aug 2016
"Mr Yen" Sakakibara: Abe stimulus plan won't have a major impact
Speaking to Bloomberg, former deputy finance minister Eisuke Sakakibara shared his take on the Japanese fiscal stimulus announced by PM Abe, while adding that USD/JPY could gradually move towards 100 levels.
Key Quotes:
“Abe's fiscal stimulus plan already priced in”
“USDJPY will slowly move to 100”
“Doesn’t think Abenomics has failed”
“Kuroda doesn't have any sense of crisis”
“Kuroda relatively satisfied with 1% inflation”