Japan forex czar says IMF floating rate label does not limit currency action

Japan forex czar says IMF floating rate label does not limit currency action

TOKYO, May 7 : Japan's top currency diplomat Atsushi Mimura said on Thursday that the International Monetary Fund's classification of the country as having a free floating exchange rate regime does not restrict the frequency of currency intervention.Mimura, the vice finance minister for international affairs,

Japan Signals Unlimited Yen Intervention Ahead Of Bessent Visit

Japan faces no limits on the frequency of its interventions in currency markets and remains in daily communication with U.S. officials, the country’s top currency diplomat said on Thursday, underscoring Tokyo’s determination to support the struggling yen. Bessent To visit Japan  The comments by Atsushi Mimura come ahead of next week’s visit to Tokyo by […] The post Japan Signals Unlimited Yen Intervention Ahead Of Bessent Visit appeared first on…