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Former Japanese official states the fair value of the yen is 130 per dollar
Tatso Yamasaki, former Deputy Minister of Finance of Japan, suggested that the fair value of the yen is around 130 yen per dollar, indicating that the Japanese currency should be about 20% stronger than its current levels. He stated that the current decline does not accurately reflect the fundamentals of the Japanese economy and believed that the wave of depreciation may have ended. The yen continues to trade close to 162.25 against the dollar after reaching its lowest level in four decades.
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