Japan’s FX Chief Says Monitoring Market After Takaichi’s Win

Japan’s top currency official said the government remains on high alert as it monitors the foreign exchange market after the yen initially came under renewed pressure following Prime Minister Sanae Takaichi’s historic victory in Sunday’s snap election.

“As always, we are watching market developments with a high sense of urgency,” Atsushi Mimura, the Finance Ministry’s vice minister for international affairs, told reporters on Monday. “We remain in close communication with the market,” he added.