ChainCatcher news, Japan's newly appointed top foreign exchange official Jun Mimura said that the recent weakness of the yen is more harmful than beneficial to the Japanese economy.
He mentioned that market intervention and other measures can be used to curb speculation that depresses the yen. Jun Mimura said that although the recent depreciation of the yen has both advantages and disadvantages, the disadvantages are becoming more and more obvious. He pointed out that the impact of rising energy and food prices on consumers and importers is one of the disadvantages of the depreciation of the yen. He also said that after a comprehensive assessment from multiple angles, if it is really necessary to take action, they will do so. Jun Mimura also hinted that he may continue his predecessor's strategy and let investors guess when Japan will intervene in the market to support the yen.