Former Bank of Japan official Taketoshi Takeda: Japan may temporarily refrain from intervening in the yen exchange rate

Former central bank official Takeuchi Atsushi, who participated in the Tokyo market intervention a decade ago, stated that Japan may temporarily refrain from official intervention due to the coordinated strategy involving the United States, which has helped prevent a one-sided decline of the yen. Takeuchi said that the New York Federal Reserve's suspected currency inquiry last Friday was an extremely rare event, indicating Washington's determination to cooperate with Japan in efforts to prevent a significant drop in the yen. "U.S. involvement makes a huge difference because the market knows they shouldn't go against the Federal Reserve." (Reuters)