October 19 – Bloomberg (Stanley White and Kazumi Miura):

“The dollar may ‘plunge’ in 2008, prompting the U.S., the European Union and Japan to intervene in foreign exchange markets, said Eisuke Sakakibara, Japan’s former top currency official. U.S. economic growth may slow to less than 1% next year…he said… Sakakibara, 66, was dubbed ‘Mr. Yen’ because of his ability to influence the currency market during his 1997 to 1999 tenure at the Ministry of Finance. ‘Should growth fall below 1%, we could see a plunge in the dollar,’ said Sakakibara… ‘Some form of intervention would be necessary to stop it, and that would require coordinated effort from all three major economies.’”