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Former Bank of Japan Governor Haruhiko Kuroda predicts: the yen will strongly rebound to the 120-130 range.
Golden Finance reports that former Bank of Japan Governor Haruhiko Kuroda stated that as the interest rate gap between Japan and the United States is expected to narrow sooner or later, the yen is likely to strengthen to a level of around 120 to 130 yen per dollar. “The current exchange rate of about 153 yen to 1 dollar is too weak,” said Haruhiko Kuroda during an interview with Bloomberg Television on the sidelines of the Barclays Asia Forum in Singapore on Thursday. “At some point, the yen exchange rate will rise to 120 or 130 yen to 1 dollar,” he said. (Jinshi)