Japan Is 'Very Close' to Intervention, Former Forex Chief Says - Bloomberg

Japan is on the brink of currency intervention if the yen weakens any further, according to one of the country’s former top currency officials.

“Amid no change in US and Japan interest rates, the yen has depreciated against the dollar quite rapidly,” said Mitsuhiro Furusawa, former vice minister of finance for international affairs, in an interview with Bloomberg on Tuesday.

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2024-04-23 11:15:23Z
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