Said : Fumio Nakakubo, Chief investment officer for Japan at UBS AG’s wealth management division, according to a Bloomberg news report.
"Japan's economic position is like a person with a debt burden of $1.2 million who is spending all his $53,000 salary and still borrowing $40,000 a year."
"The yen must drop to about 120 per dollar to spark the increases in consumer prices needed to reduce Japan’s debt load. Japan has no option but to fuel inflation (not hyperinflation) to reduce its borrowings. No matter how much we pump up the economy, that alone probably won’t be enough, so we have to weaken the yen. There is no other way."
The above opinion was expressed by Fumio, as per the news report.