Takeshi Fujimaki, a former advisor to investor George Soros, predicted in a recent interview that once investors see through the Bank of Japan’s camouflage and really get a grip on Japan’s fiscal deficit, the yen will spiral out of control to 200 to the dollar and beyond.
However, the banker turned opposition law maker predicted the dollar will strengthen and recommended holding assets denominated in the U.S. currency.
Yen could drop to 140 next year
As reported by ValueWalk, Soros Fund Management profited from betting against the yen, after the Bank of Japan surprisingly boosted its stimulus further in October. Moreover, Japan’s Government Pension Investment Fund (GPIF) unveiled new portfolio...
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