Heizo Takenaka:

  • Yen’s recent fall was a result of a correction from an excessive strength,
  • The BOJ’s latest easing measures aimed at beating deflation, not a weaker yen.
  • “This correction has just started, it’s not fair to say the yen has depreciated too much,”
  • “There’s not a very scientific way of thinking about where the yen will end, but lots of people think a range around 95 to the dollar is appropriate at the moment,”

Japan PM Advisor: Yen Still Has Room to Weaken Further (gated)