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Mr. Yen Predicts BOJ Might Start Tightening Policy in January

As early as next month, there is a possibility that the Bank of Japan could once again surprise the financial markets by implementing a tightening of its monetary policy, as stated by Eisuke Sakakibara. Previously recognized as “Mr. Yen” due to his capability to impact the currency during his time as Japan’s former vice finance minister from 1997 to 1999, Sakakibara shares exclusively with Bloomberg’s Kathleen Hays his projection that the yen could strengthen to 120 per dollar as a result of the BOJ moving away from its extremely accommodative measures. The unexpected action of the Japanese Central Bank raising its limit on 10-year bond yields to 0.5% from 0.25% took place on Tuesday.

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Credit: YouTube/Bloomberg Television

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