Japan’s Top FX Diplomat Mimura: Intervention a necessary measure to counter speculation

Atsushi Mimura, Japan’s newly appointed Vice Finance Minister For International Affairs and top foreign exchange official, said in a Bloomberg interview Monday that “while the recent depreciation of the yen has both advantages and disadvantages, the demerits are becoming more noticeable.”

Additional comments

Intervention among the measures available to counter speculation that weighs excessively on the currency.

The impact of rising energy and food prices on consumers and importers among the drawbacks of the feeble Yen.

Intervention a necessary measure to counter speculation.