Asset Management One Sees Gains in Yen to 150 on April Rate Hike

Mizuho Financial Group Inc.’s asset management unit expects the yen to strengthen beyond 150 per dollar after an April rate hike by the Bank of Japan, said Shigeki Muramatsu, the firm’s chief investment officer.

Asset Management One Co., which oversaw about $512 billion as of end-September, also favors buying superlong Japanese government bonds — the epicenter of last month’s turmoil in the debt market — arguing that yields are high relative to Japan’s growth prospects.