Former Currency Chief Shinohara Sees Yen Reflecting Fundamentals
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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.”