Furusawa Warns Yen Intervention Could Come Again at Any Time

Japan's former top currency diplomat, Mitsuhiro Furusawa, has warned that yen intervention could happen at any time. He believes that the current yen level is too weak and is hurting the economy.

Furusawa, who served as deputy managing director of the International Monetary Fund, thinks that Japan should signal faster-than-expected interest rate hikes to stem the currency's decline. He notes that the yen remains clearly too weak at its current levels.

According to Furusawa, joint intervention with the United States could be possible 'at any time'. This statement suggests that policymakers may be considering drastic measures to support the yen.