Japan's top currency official Mimura said markets should take the 'very clear'
signals sent by Tokyo and Washington on the yen last week seriously,
underscoring Tokyo's readiness to act against excessive depreciation. Finance
Minister Katayama said on Friday President Trump told Prime Minister Takaichi he
was concerned about the weak yen after their summit, an unusually detailed
account of leaders' exchange-rate discussions. Mimura said the prime minister,
finance minister and the US have all sent very clear messages and he will
monitor whether markets continue to heed them. He declined to comment on the
prospect of further FX intervention but said he was neither satisfied nor
reassured by recent yen moves, signalling the government remains alert to
further yen weakness.
