Japan Says IMF Label Does Not Limit Forex Intervention
Mimura said the IMF free floating label does not limit currency intervention frequency. He remains in contact with U.S. officials after recent yen support.
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Japan Vice Finance Minister Atsushi Mimura stated the IMF's free-floating label does not restrict the frequency of currency interventions. The comments follow a suspected $35 billion yen-support operation. Mimura told reporters that the International Monetary Fund classification does not limit policy actions.
