"Mr Yen" Sakakibara: Abe stimulus plan won't have a major impact

Speaking to Bloomberg, former deputy finance minister Eisuke Sakakibara shared his take on the Japanese fiscal stimulus announced by PM Abe, while adding that USD/JPY could gradually move towards 100 levels.

Key Quotes:

“Abe's fiscal stimulus plan already priced in”

“USDJPY will slowly move to 100”

“Doesn’t think Abenomics has failed”

“Kuroda doesn't have any sense of crisis”

“Kuroda relatively satisfied with 1% inflation”