Japan might delay yen intervention at this time, according to a former BOJ official
US-Japan Collaboration Helps Stabilize Yen, Says Former BOJ Official
Japan is likely to refrain from direct intervention in the currency markets for the time being, as joint efforts with the United States have already contributed to stopping the yen's rapid decline, according to Atsushi Takeuchi, a former Bank of Japan official who previously participated in Tokyo's market operations. Takeuchi noted that the New York Federal Reserve's suspected rate checks last Friday were a highly unusual move, highlighting Washington's commitment to supporting Japan in curbing the yen's sharp drop.
"Having the US involved made a significant impact, since market participants are generally reluctant to challenge the Federal Reserve," Takeuchi remarked during an interview on Wednesday.
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