Japan top FX diplomat urges markets to heed 'very clear' warning on yen
EWJ•Japan’s top currency diplomat Atsushi Mimura urged markets to take at face value a warning delivered by Tokyo and Washington about yen weakness. He said he was neither satisfied nor reassured by the yen’s recent moves and declined to comment on possible intervention.
1. Diplomat reiterates warning
Atsushi Mimura said markets should take at face value the “very clear” message Japan and the United States delivered last week on the yen, adding that he would watch whether markets continued to do so.
2. Officials flag yen weakness
U.S. President Donald Trump raised concerns about yen weakness at a summit with Japanese Prime Minister Sanae Takaichi, Finance Minister Satsuki Katayama said Friday. Katayama and U.S. Treasury Secretary Scott Bessent also reaffirmed in phone talks that the yen’s undervaluation was a concern.
