Ex-Official Who Warned of 2022 Yen Intervention Sounds Alarm
- Former FX chief Yamasaki says Japan ready to move if yen falls
- Says US data can be a yen catalyst, rules out exact cap at 152
Tatsuo Yamasaki
Photographer: Takaaki Iwabu/BloombergThis article is for subscribers only.
Japan is ready to intervene in the currency market at any time should the yen weaken beyond its current range, given the extent of heightened warnings from key officials, according to the nation’s former currency chief.
“The government can step in as soon as the yen falls beyond the current range,” former vice finance minister for international affairs Tatsuo Yamasaki said in an interview Tuesday. “Officials wouldn’t have issued such strong warnings unless they were prepared.”