Discussions about currency intervention are heating up in Japan as the yen sinks to its lowest level this year and could keep going.
“The government’s response to the weaker yen has been too muted,” said Goushi Kataoka, a former Bank of Japan Policy Board member chosen by Prime Minister Sanae Takaichi to serve on a new economic growth strategy panel, in comments reported by Reuters on Monday.
“Market participants broadly expect the yen’s downtrend to continue, and in such an environment, currency intervention could have a certain degree of effectiveness,” he continued.
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