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Japan former FX interventionist says current weak yen is detrimental to Japan's economy

Japan former FX interventionist says current weak yen is detrimental to Japan's economy

Central Banks
By Eamonn Sheridan
23/06/2022 | 02:37 GMT
  • A prior Japanese Vice Finance Minister for International Affairs, Takehiko Nakao

Takehiko Nakao remark.

As Japanese Vice Finance Minister for International Affairs Nakao was in charge of ordering intervention in the yen, when he deemed necessary.

Yen catching a wee bid:

usdyen chart 23 June 2022 2

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