Former FX Chief Says Intervention an Option for Overly Weak Yen

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Former FX Chief Says Intervention an Option for Overly Weak Yen

Japan’s former currency chief says intervention is among the options to address an excessively weak yen, speaking ahead of US inflationBloomberg Termi

Japan’s former currency chief says intervention is among the options to address an excessively weak yen, speaking ahead of US inflationBloomberg Terminal data that may nudge the yen past a level closely watched by market players.

“I strongly feel the yen’s recent weakness has gone too far,” Takehiko Nakao, former vice minister for international affairs at the finance ministry, said in an interview Wednesday.

www.bloomberg.com

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