Japan’s Top FX Diplomat Mimura: Closely watching market moves with high sense of urgency

Following the meeting between the Bank of Japan (BoJ), Japanese Financial Services Agency (FSA) and Ministry of Finance (MoF) on Wednesday, Atsushi Mimura, Japan’s Vice Finance Minister For International Affairs and top foreign exchange official, said on Wednesday, they are “closely watching market moves with high sense of urgency.”

Additional quotes

• Discussed unstable moves in financial markets.
• Talks were held in response to US tariffs.
• Agreed to do utmost to maintain global financial market stability.

Market reaction

USD/JPY extends the rebound from near 144.60 levels to now trade at 145.61, still down 0.44% on the day.