Japan’s top currency official refrains from commenting on intervention but signals heightened monitoring of FX movements.
Japan’s Vice Finance Minister for International Affairs, Atsushi Mimura, said Thursday he will closely monitor foreign exchange markets amid recent volatility. Mimura, the country’s top FX official, declined to discuss potential intervention or specific currency levels, citing policy sensitivity.
The statement follows a period of sharp yen depreciation, with USD/JPY trading near multi-decade highs. Japan last intervened in currency markets in 2022, spending over $60 billion to support the yen. Analysts note Mimura’s remarks may signal preparedness for future action if volatility persists.
Markets showed limited reaction, with the yen holding near 157.50 per dollar after the comments.