Former FX Chief Says Intervention an Option for Overly Weak Yen
- Nakao says stepping into market effectively defers speculators
- Adds that US inflation among data points that can move yen
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Japan’s former currency chief says intervention is among the options to address an excessively weak yen, speaking ahead of US inflation data that may nudge the yen past a level closely watched by market players.
“I strongly feel the yen’s recent weakness has gone too far,” Takehiko Nakao, former vice minister for international affairs at the finance ministry, said in an interview Wednesday.