Jun
11
Former Currency Chief Shinohara Sees Yen Reflecting Fundamentals
By
Former International Monetary Fund deputy managing director Naoyuki Shinohara. Photographer: Yuriko Nakao/Bloomberg
The Japanese yen is weak, though still around an appropriate level to reflect Japan’s fundamentals, said Naoyuki Shinohara, a former top currency official at the finance ministry.
“It’s true that the yen has become weak in terms of real effective rates,” Shinohara, who is also a former deputy managing director at the International Monetary Fund, said in an interview Thursday. “But I don’t think it’s moved significantly from fundamentals in a medium- to long-term perspective.”…
Former Currency Chief Shinohara Sees Yen Reflecting Fundamentals
