Japan and United States Signal Close Currency Coordination After Recent Yen Spike

Japan top currency diplomat Atsushi Mimura says the government will coordinate with the U.S. to respond to volatility after recent Fed rate checks moved the yen.

Insights:
Japan JPJPtop currency diplomat Atsushi Mimura atsushi mimuraannounced on Monday, January 26, 2026, that the government will maintain close coordination with the United States USUSon foreign exchange. He stated that authorities will respond appropriately to excessive currency volatility, signaling a readiness for potential action following significant market movement. This official stance emphasizes the ongoing bilateral partnership between the two nations in monitoring the global financial landscape.
Japan's Vice Finance Minister for International Affairs Atsushi Mimura attends a Reuters NEXT Newsmaker event in Tokyo, Japan on January 21, 2025. REUTERS/Issei Kato
Japan's Vice Finance Minister for International Affairs Atsushi Mimura attends a Reuters NEXT Newsmaker event in Tokyo, Japan on January 21, 2025. REUTERS/Issei Kato
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