Wagoner's thoughts were remarkable in a number of ways, but were notable because his comments about yen weakness were so impressively untrue.
Since February, he has been buying Japanese equities and hedging his exposure to the yen's moves.
He was dubbed "Mr. Yen" for his uncanny ability to strengthen or weaken the currency by uttering a few words.
Japanese Prime Minister Shinzo Abe became famous for the lengths to which he was willing to go to weaken his national currency, the yen.
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Sharp Corp. boss Mikio Katayama got much international pickup on his remarks Friday about the dear valuation of the Japanese yen and how that affects exports of companies like his LCD-screen electronics maker.
As the cost of his imported products -- Idaho potatoes, beef and onions -- has recently risen with the weaker yen, he has absorbed the increases in order to keep his prices low.
Gartman, a commodities guy, continues to believe in his gold trade, especially in euro and yen terms.
His nomination has further fueled selling of the yen, which had already weakened by about 20 percent against the U.S. dollar since October.
And with no yen to spend the rest of his life in the law office, he lobbied O'Quinn and got the job of managing the collection.
During his campaign, Mr. Abe argued that the Yen is overvalued and that currency depreciation is needed to make Japanese exports more competitive.
One of the few bright spots is the relative affluence of the 20-something salaryman, who now holds around 15, 000 yen more pocket money per month than his struggling middle-aged colleague.
Fujii quickly said that his statement should not be taken as license to push the yen higher.
His plan to spark growth, dubbed Abenomics, is based on supporting a weaker yen and ramping up fiscal stimulus.
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Diluting his words were those of his rather successful predecessor Eisuke Sakakibara, whose legendary jawboning earned him the nickname of Mr. Yen.
During his election campaign Mr Abe had also suggested that the central bank should print "unlimited" yen to help stoke an increase in consumer prices.
During his campaign he had even suggested that the central bank, the Bank of Japan, should print "unlimited yen" to help stoke consumer price growth.
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