Japan’s finance minister said he was “prepared to undertake intervention” in the foreign exchange market if the yen rose further and sharply, describing more explicitly than before a policy the US opposes.

The comment by Taro Aso in parliament on May 9 was his first direct reference to the possibility of intervention during his tenure as finance minister under Prime Minister Shinzo Abe.

Finance minister Taro Aso makes first direct reference to the possibility of a move

Takashi Nakamichi, WSJ

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Japan makes forex intervention threat

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