Eisuke Sakakibara, MR YEN: Japanese firms must localize and globalize to prosper
Eisuke Sakakibara is known as Mr Yen for the influence of his pronouncements on Japan’s currency and was Japan’s vice-minister for finance for international affairs from 1997 to 1999. An internationalist famed for making key policy speeches in English, he argues in this interview with Tetsuya Shibata that Japanese companies must become more outward-looking to prosper.
Given the mid-term election results in the US and the apparent rise of the Democratic party, are you worried about the possibility of increasing economic protectionism harming Japanese interests?
"Japan’s companies had better make use of the advantage of being in the Asian region.