Japan’s Mimura: Joint intervention could mark peak of US-Japan currency partnership
Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said that joint intervention could mark the peak of US-Japan currency partnership, Reuters reported on Monday. Mimura added that authorities will keep cooperating closely with the Bank of Japan (BoJ).
Key quotes
Joint intervention could mark peak of U.S.-Japan currency partnership.
No response to Trump remarks on forex intervention.
No comment on discussions with BoJ.
Will keep cooperating closely with BoJ.
Fima repurchase facility is just one tool for intervention.
Limits on FIMA facility don't imply overall FX intervention constraints.
Market reaction
The Japanese Yen (JPY) attracts some buyers following the headlines. At the time of writing, the USD/JPY is down 1.15% on the day at 155.55.
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