Japan's Mimura says markets shouldn't forget intervention risks as yen nears 160

Advertisement Business Japan's Mimura says markets shouldn't forget intervention risks as yen nears 160 12 Nov 2026 09:08AM (Updated: 12 Nov 2026 10:14AM) Bookmark Bookmark Share WhatsApp Telegram Facebook Threads Email LinkedIn Set CNA as your preferred source on Google Add CNA as a trusted source to help Google better understand and surface our content in search results. Read a summary of this article on FAST. Get bite-sized news via a new cards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST TOKYO, Nov 12 : Japan's top currency diplomat Atsushi Mimura on Thursday warned market participants that it's "too early to forget" this summer's intervention as the yen again edged towards the key 160-per-dollar level. In his first remarks on foreign exchange since late September, Mimura said he believed that recent currency moves have been excessively rapid. "It's still too early to forget what happened this summer," he added, referring to Japan's yen-buying interventions in late July through early August, including one conducted jointly with the US. The dollar rose to 159.94 against the Japanese yen early Thursday morning, hitting its strongest in over two months, buoyed by growing expectations that the Federal Reserve will raise interest rates after hot US inflation data and hawkish remarks from policymakers. CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less The weak yen has been a headache for Japanese policymakers as import costs have surged. The yen-based import price index jumped 24.8 per cent in October from a year earlier, data showed on Thursday. "The dollar is likely to continue rising against the yen, underpinned by the resilience of the U.S. economy and persistently elevated inflation driven by robust investment in AI," Mizuho Securities analysts said in a report. "If dollar breaks above 160 and the weaker yen fuels inflation, increasing the risk of a decline in support for Prime Minister Sanae Takaichi's government, Tokyo could carry out unilateral intervention," the report said. Source: Reuters Newsletter Week in Review Subscribe to our Chief Editor’s Week in Review Our chief editor shares analysis and picks of the week's biggest news every Saturday. Sign up for our newsletters Get our pick of top stories and thought-provoking articles in your inbox Subscribe here Get the CNA app Stay updated with notifications for breaking news and our best stories Download here Get WhatsApp alerts Join our channel for the top reads for the day on your preferred chat app Join here Advertisement Also worth reading Content is loading... Advertisement Expand to read the full story Get bite-sized news via a new cards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST