Business · Markets · 1 hr ago
Japan warns yen’s recent slide is too rapid
Japan’s top currency official, Atsushi Mimura, said on Nov.
12 that the yen’s recent fall was moving too fast.
The yen briefly weakened to the upper 159s against the US dollar, its weakest level since early September, about two months earlier.
A weaker yen means each dollar costs more yen.
Mimura said he would not comment on the exchange rate’s current level, but said the pace of the move was becoming a concern.
He also said it was too soon to forget Japan’s coordinated currency intervention with the United States in July.
His remarks signaled that authorities may be prepared to step in again to support the yen.
The sources do not say whether or when any further intervention will happen.
Japan’s top currency diplomat said the yen’s recent fall was too rapid.
The yen had weakened sharply in recent days, Bloomberg reported.
The currency chief warned that it was too soon to forget events from the summer.
The warning signaled that Japanese authorities stood ready to intervene again to support the yen.
- Who
- Japan’s top currency diplomat, described by Bloomberg as the country’s currency chief.
- What
- He said the yen’s recent fall was too rapid and warned that authorities could intervene again.
- When
- November 12, 2026; the yen had weakened sharply in recent days.
- Where
- Japan.
- Why
- To signal that authorities stood ready to support the yen.
This story does not have two clearly opposing sides.
The currency chief later referred to events from the summer.
The yen weakened sharply.
Japan’s currency chief said the yen’s recent fall was too rapid and signaled readiness to intervene again.
- Currency
- Japanese yen
- Recent movement
- Weakened sharply in recent days
- Official assessment
- The fall was “too rapid
- Publication date
- November 12, 2026
3 sources
What people are saying
too rapid