Trump's Silence on Yen Is 'Amazing,' Former Japan FX Head Says
- Former MOF official Yamasaki surprised by lack of yen talk
- Trump could provide economic boost, but political risks remain
Is Trump Targeting the Japanese Yen?
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Donald Trump has repeatedly made waves with emphatic tweets and striking statements, but Japan’s former currency chief is more surprised about what the president-elect isn’t talking about: the yen.
"What’s amazing is that he hasn’t said anything about the yen," Tatsuo Yamasaki, a former vice finance minister for international affairs, said in an interview on Thursday. "Last year Yellen was saying that the dollar’s effective rate was up 20 percent, and it was holding back exports, weighing on profits, and holding down inflation."