• Kyodo


Sony Corp. Chairman Nobuyuki Idei said Sunday he thinks the Japanese currency has been overvalued and he would not be surprised if the yen — which trades at around 130 to the dollar now — falls to the 150-160 range.

“A weak yen is the only effective (economic stimulus) measure. The yen has long been overvalued, considering labor productivity and other economic data,” Idei told reporters.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.