Takaichi to Be Proactive With Yen Intervention, Panelist Says

Japan is open to intervening in the currency market “to mitigate the side effects of a weak yen,” a government panel member said, reflecting Prime Minister Sanae Takaichi’s concerns about inflation.

Takaichi’s administration “will intervene more actively in the foreign exchange market, I believe,” Takuji Aida, who is also chief economist at Credit Agricole, said Sunday during a live broadcast on NHK. He added that the nation has more than enough foreign reserves, as Japan’s economic situation isn’t dire.