Yen Will Probably Rise Towards 120 Gradually, Sakakibara Says

The video discusses the Japanese yen's role as a safe haven amid global banking uncertainties, projecting it to strengthen towards 120 by year-end. It explores potential policy changes under Kazuo Ueda's leadership at the Bank of Japan (BOJ) and the impact of economic overheating. The influence of the Federal Reserve and BOJ on the yen's direction is examined, especially in light of the SVB collapse. Expectations for the new BOJ governor suggest no major policy changes soon. The video concludes with a discussion on market functioning and Japan's economic stability, highlighting the country's growth trajectory.

What expectations do you have for the new governor of the Bank of Japan?

What changes does the Japanese economy need right now according to the discussion?