MIMURA said Japan’s foreign-exchange intervention two months ago to prop up the
yen was successful and elicited supportive remarks from some US officials;
Washington raised no objections, he added. He said contact with US counterparts
has been frequent via calls and emails. The yen’s fall to a 40-year low
heightens inflation risk for energy- and food-import-dependent Japan (energy
largely imported; over half of food imported).
