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Japan's top foreign exchange official states that IMF rules do not limit the number of interventions
Golden Finance reports that on May 7th, Japan’s top foreign exchange official, Atsunori Mimura, stated on Thursday that the rules of the International Monetary Fund (IMF) do not restrict authorities from intervening in the foreign exchange market. After the yen surged sharply on Wednesday, Atsunori Mimura told reporters that the government will continue to monitor exchange rate movements with a high sense of urgency. He declined to comment on these fluctuations. Mimura said that speculative activities in the foreign exchange market are still ongoing. Authorities are monitoring various markets to seek possible countermeasures. He refused to comment on whether there is a line of defense for the yen exchange rate. He also declined to comment on U.S. Treasury Secretary Scott Bessent’s upcoming visit. (Dongxin News)