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Japan's top currency diplomat Mimura urges markets to heed yen warning

Original: EXCLUSIVE: Japan's currency diplomat Mimura urges markets to heed 'very clear' warning on yen

Japan's top currency diplomat, Masato Mimura, said markets should take seriously Tokyo's 'very clear' warning about the yen, in remarks reported by Reuters. The intervention signals that Japanese authorities are increasingly alarmed by the currency's weakness and are prepared to step in verbally, and possibly in markets, to support it.

Why now: Renewed yen weakness has put traders on alert for possible Japanese currency intervention.

Masato Mimura Japan Japanese Ministry of Finance yen

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EXCLUSIVE: Japan's currency diplomat Mimura urges markets to heed 'very clear' warning on yen · Reuters

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