Eisuke Sakakibara, Japan's former top currency official, said the central bank needs to increase interest rates soon because the yen's slide has fueled a ``dangerous'' bubble in carry trades. ``The cheapness of the yen has reached absurd levels and the only cause for that is low interest rates,'' Sakakibara said in an interview yesterday after a speech at the Federal Reserve Bank of San Francisco. ``The Bank of Japan needs to normalize interest rates as quickly as possible.''

Report Article

Please complete the required fields.

Your Name

Email

Reason (required)
This post contains broken links Post has incorrect information Post has spam Copyright Issue Other

Description

Submit