Takeshi Fujimaki says the Bank of Japan will achieve its 2 percent inflation target before the fiscal half ending March 2017
And he expects USD/JPY at 180 to 200 per dollar "over the long term" ... as the BOJ sticks to bond-buying stimulus and the Federal Reserve embarks on successive rate increases
"My biggest fear is what will happen to Japan when the 2 percent inflation target is achieved," Fujimaki said in an interview in Tokyo on Nov. 9. "When the BOJ stops buying assets, their prices will crash and long-term yields will jump. There is no choice but to keep buying and inflation will run away because the BOJ can't raise rates."
Takeshi Fujimaki is a Japanese banker turned opposition lawmaker He has been predicting an eventual default in Japan over the past two decades and jokes that so far he has been an "old guy crying wolf"
