IMF states market forces determine yen value as Japan maintains flexible regime

The IMF mission chief for Japan stated on Wednesday that the yen's value is driven by market forces. He noted the country remains committed to a flexible regime.

On February 18, 2026, Rahul Anand, the International Monetary Fund mission chief for Japan JPJP, stated that the institution does not have a view on the appropriate level of the yen and that the currency’s value is determined by market forces. During his remarks, Anand declined to speculate on the conditions that would prompt Japanese authorities to intervene, clarifying the official stance of the fund regarding the exchange rate.
Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. REUTERS/Florence Lo/Illustration
Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. REUTERS/Florence Lo/Illustration
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