TOKYO -- The yen should not be considered a safe-haven currency and its recent decline against the dollar can only partially be attributed to the Japan-U.S. interest rate gap, Hiroshi Watanabe, former vice minister of finance for international affairs, told Nikkei in a recent interview.
Interview
Yen's slide only partly due to U.S. rate gap: ex-Japan currency official
Job-creating manufacturers key to strong currency, Hiroshi Watanabe says
Hiroshi Watanabe doesn't see the yen appreciating beyond 150 against the dollar this year. (Photo by Nanami Sato)
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