Japan’s top foreign exchange official Atsushi Mimura said markets should take seriously what he described as a "very clear" signal issued by Japan and the United States last week on the yen, saying it showed determination to respond to excessive declines in the currency. Japanese Finance Minister Satsuki Katayama also said U.S. President Donald Trump voiced concern about yen weakness during a summit with Japanese Prime Minister Sanae Takaichi. Mimura added that authorities would closely monitor how markets respond and said he was dissatisfied and uneasy about the yen’s recent moves. The remarks point to heightened official scrutiny of the currency and reinforce the message delivered by Tokyo and Washington in the previous week.
Japan’s top foreign exchange official Atsushi Mimura said markets should pay close attention to the "very clear" signal issued by Japan and the United States last week on the yen, saying it showed determination to act against excessive declines in the currency.
Japanese Finance Minister Satsuki Katayama said U.S. President Donald Trump had expressed concern about yen weakness during a summit with Japanese Prime Minister Sanae Takaichi.
Mimura also said authorities would closely watch market reactions and voiced dissatisfaction and unease over the yen’s recent moves.
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