Former Bank of Japan Governor Haruhiko Kuroda predicts the yen will rebound strongly to the 120-130 range.


Haruhiko Kuroda, former governor of the Bank of Japan, said that as the interest rate gap between Japan and the United States is expected to narrow sooner or later, the yen is likely to strengthen to a level of 120 to 130 yen per US dollar. "The current exchange rate of around 153 yen per US dollar is too weak," Kuroda said in an interview with Bloomberg TV during the Barclays Asia Forum in Singapore on Thursday. "At some point, the yen exchange rate will rise to 120 or 130 yen per US dollar," he said.