Japanese Deputy Finance Minister: Yen intervention marks the pinnacle of a long-term monetary alliance
2026-08-03 08:29:15
According to CoinMeta, Japanese Deputy Finance Minister Mutsuru Mitamura stated that the joint yen intervention with the United States can be seen as the pinnacle of a long-term monetary alliance between the two countries. He pointed out that this intervention is not a one-time response but the result of long-term structural cooperation and should enhance market confidence in future coordinated actions. Mitamura refused to comment directly on Trump's remarks regarding foreign exchange intervention and did not reveal the specific details of discussions among the Bank of Japan. He emphasized that the FIMA repurchase tool is just one of the intervention methods, and Japan's intervention capabilities are not limited to this; the market should maintain confidence in Tokyo's ability to intervene. This intervention is the first joint action since 2011, aimed at addressing market turmoil following the yen's depreciation to a 40-year low against the US dollar.
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Source:Internet
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