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, signaling his resolve to act against excessive yen declines.
- Finance Minister Satsuki Katayama and Scott Bessent reaffirmed in Friday phone talks that yen undervaluation is a concern; President Donald Trump raised similar 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 pressure from yen weakness, while Mimura noted the BOJ remains on a rate-hike path compared to the Fed.
- After Mimura's remarks, the yen spiked against the dollar, breaking through the 157 line to trade around 156.75; he remains neither satisfied nor reassured over renewed decline risks.
- Cooperation extends beyond exchange rates to encompass economic security and supply chains, which Mimura described as a "currency alliance"—a framework that guided Japan and Washington's rare, coordinated intervention on July 31.
12 Articles
12 Articles
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...
Main warning was made by the Japanese Prime Minister, Sanae Takaichi, on a visit to the United States; yen shot in relation to the dollar after statements by Atsushi Mimura
The Japanese currency, the yen, rose to 0.4% and reached 156,51 per dollar on Monday (28), the strongest rating since September 18, after Atsushi Mimura, Japan's main foreign exchange authority, asked the market to take seriously the warning given by Tokyo and Washington against the weakness of the currency. In an interview...
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