Exclusive-Japan Top FX Diplomat Urges Markets to Heed ‘Very Clear’ Warning on Yen
Mimura said markets should treat Tokyo and Washington’s warning as real, as the yen’s recent weakness kept pressure on policymakers.
- On Monday, Atsushi Mimura urged markets to take the "very clear" message from Tokyo and Washington seriously, expressing his resolve to act against excessive yen declines.
- Finance Minister Satsuki Katayama and Scott Bessent reaffirmed in phone talks on Friday that the yen's undervaluation is a matter of concern; President Donald Trump raised currency weakness concerns during a summit with Japanese Prime Minister Sanae Takaichi.
- Earlier this month, the Bank raised interest rates to a 31-year high of 1.25% to combat inflationary impacts, while Mimura noted the BOJ remains on a rate-hike path compared to the Fed.
- Mimura remains neither satisfied nor reassured over recent yen moves, suggesting Tokyo continues to guard against renewed declines; the currency spiked after his remarks, breaking through the 157 line to trade around 156.75.
- Cooperation extends beyond exchange rates to encompass economic security and supply chains, which Mimura described as a "currency alliance"—a framework that guided the rare, coordinated intervention conducted by Japan and Washington on July 31.
15 Articles
15 Articles
Japan's currency diplomat Mimura urges markets to heed 'very clear' warning on yen, Money News
TOKYO — Japan's top currency diplomat Atsushi Mimura said on Monday markets should take at face value the "very clear" message Tokyo and Washington delivered last week on the yen, signalling his resolve to act against excessive falls in the currency.US President Donald Trump raised concerns about yen weakness at a summit with Japanese Prime Minister Sanae Takaichi, Japan's Finance...
A Japanese official urged markets to take the joint warning with America about the weakness of the yen seriously, referring to Tokyo's willingness to move against any excessive depreciation of the currency.
Exclusive-Japan’s currency diplomat Mimura urges markets to heed ‘very clear’ warning on yen - Regional Media News
By Makiko Yamazaki, Takaya Yamaguchi and Leika Kihara TOKYO, Sept 28 (Reuters) - Japan's top currency diplomat Atsushi Mimura said on Monday markets should take at face value the "very clear" message Tokyo and Washington delivered last week on the yen, signalling his resolve to [...]
Exclusive-Japan top FX diplomat urges markets to heed ‘very clear’ warning on yen
By Makiko Yamazaki, Takaya Yamaguchi and Leika Kihara TOKYO, Sept 28 (Reuters) - Japan's top currency diplomat Atsushi Mimura said on Monday markets should take at face value the "very clear" message Tokyo and Washington delivered last week on the ye...
CryptoTendence Japan warns about the weakness of the yen: Atsushi Mimura asks to heed the message of Tokyo and Washington, without confirming another intervention.The entry Japan asks the market to take seriously its warning about the yen was first published in CryptoTendence.
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