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Japan’s FX Chief Says Past Yen Intervention Has Shown Impact

Japan’s FX Chief Says Past Yen Intervention Has Shown Impact
Bloomberg Markets Wednesday 01 July 2026, 04:30 UTC By Erica Yokoyama, Takashi Umekawa 1 min read
Key Points

Currencies Japan’s FX Chief Says Past Yen Intervention Has Shown Impact Foreign exchange intervention by Japan to support the yen two months ago was successful, and some US authorities voiced support, the nation’s top currency official said, as the yen hovers at a four-decade low. “Judging from how the market moved afterward, I think it clearly had meaning,” Atsushi Mimura, Japan’s vice finance minister for international affairs, said of the action during an interview with Bloomberg...

Currencies Japan’s FX Chief Says Past Yen Intervention Has Shown Impact Foreign exchange intervention by Japan to support the yen two months ago was successful, and some US authorities voiced support, the nation’s top currency official said, as the yen hovers at a four-decade low. “Judging from how the market moved afterward, I think it clearly had meaning,” Atsushi Mimura, Japan’s vice finance minister for international affairs, said of the action during an interview with Bloomberg Wednesday. “I’m not aware of the US ever making a single comment expressing disagreement with what we did, and if anything, there have actually been comments that were more supportive,” he said.
Japan (LOCATION) FX (ORG) US (LOCATION) Atsushi Mimura (PERSON) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →

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