Kanda, Deputy Minister of Finance in charge of International Affairs of the Japanese Ministry of Finance. It is he who will ask the BOJ to intervene when it deems it necessary. Often referred to as Japan’s “greatest currency diplomat.”
Make some verbal intervention remarks:
Manage currency movements appropriately
- Communicate closely with us, foreign exchange authorities
- Closely monitor foreign exchange market movements with a high sense of urgency
- Japan says it communicates regularly and closely with U.S. authorities on forex.
- Shared mutual understanding that excessive currency movement is undesirable
These are lighthearted comments, nothing here to suggest real intervention is near.