Mimura Warns Yen Markets: Tokyo and Washington Send 'Very Clear' Message

Japan's top currency diplomat Atsushi Mimura has urged markets to take heed of Tokyo and Washington's 'very clear' warning on the yen. The warning comes after US President Donald Trump raised concerns about yen weakness at a summit with Japanese Prime Minister Sanae Takaichi, according to Finance Minister Satsuki Katayama.

Mimura emphasized that markets should take Tokyo and Washington's message seriously, signaling his resolve to act against excessive falls in the currency. The warning is seen as a significant development in the ongoing saga of yen weakness.