CoinWorld News, Japan's top foreign exchange official Atsushi Mimura stated that the foreign exchange market intervention Japan implemented over the past two months to support the yen has been successful and has received support from some U.S. officials. He pointed out that judging from market trends, the intervention was clearly meaningful and said that the United States has never opposed Japan's approach, but instead has expressed some supportive remarks. When Mimura spoke, the yen fell to a 40-year low against the U.S. dollar, increasing the risk of inflation in Japan. He emphasized that communication with Washington has been frequent, saying that the frequency of contact with the other side is much higher than outsiders imagine.

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ColdLightNftCabinet
· 7h ago
Jun Mitsumura said communication was very frequent, but the market only cares about how long the intervention effect can last.
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ProtocolPaladin
· 8h ago
Intervention successful? New low in exchange rate + inflation risk, that's a pretty unusual success criterion.
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GateUser-06596f3b
· 8h ago
The US pays lip service, but the yen has fallen to a 40-year low. I've seen this script before.
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