He warned last year that the country had "crossed the proverbial rubicon" as it moved to devalue its currency by increasing the money supply, a strategy which he says, could see a US dollar - which currently trades at around 98 yen - worth more than 120 yen over the next two years.
http://www.telegraph.co.uk/finance/economics/10045933/Japan-is-adding-a-Ponzi-scheme-to-a-Ponzi-scheme.html