• Kyodo

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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.

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