NEW YORK – 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.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
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.
SUBSCRIBE NOW
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.