Yen weak vs dollar - ex-MOF Sakakibara-Kyodo

JAPAN - The yen is likely to remain weak against the dollar for the time being, Eisuke Sakakibara, a former vice finance minister for international affairs, said in an interview with Kyodo News.

"If anything, the trend is for a weaker yen rather than a stronger yen. But I think the dollar will stay at the Y120 level for the time being," Sakakibara said, according to Kyodo.

Sakakibara said the U.S. economy will likely continue to lose momentum and possibly fall into recession if personal consump