Japan has appointed Atsushi Mimura as its new top foreign exchange diplomat amid the yen's plunge to a 38-year low against the dollar, sparking anticipation of imminent market intervention. Mimura, a veteran in financial regulation, replaces Masato Kanda, who recently led record-breaking yen-buying efforts. As the yen slid to ¥161 per dollar, Finance Minister Shunichi Suzuki expressed deep concern over rapid currency moves and stressed the urgency of maintaining confidence in the yen. Mimura's appointment comes at a critical time, with Japan's economic stability and global financial ties hanging in the balance.
Japan hired a new top foreign exchange ambassador on Friday, as the yen fell to a 38-year low versus the dollar, boosting concerns about Tokyo's imminent market intervention to support the battered currency.
Atsushi Mimura, a financial regulation veteran, succeeds Masato Kanda, who launched the largest yen-buying intervention on record this year.
The change is part...
Full Access
Included:
-
Access to All Articles.
-
One Plan. No Tiers.
-
No Ads.
-
Cancel anytime.
