Japan is on the brink of currency intervention if the yen weakens any further, according to one of the country¡¯s former top currency officials.
¡°Amid no change in U.S. and Japan interest rates, the yen has depreciated against the dollar quite rapidly,¡± said Mitsuhiro Furusawa, former vice minister of finance for international affairs, on Tuesday.
¡°Should this trend continue, intervention will come,¡± Furusawa said, adding that ¡°we are very close.¡±
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