Former Bank of Japan official: The weakening yen will trigger a joint intervention by Japan and the United States

According to Jinshi, former Bank of Japan committee member Atsushi Takeuchi stated that if there are signs of the yen weakening again, Japan and the United States will "definitely" take joint intervention actions once more. He pointed out that this joint action between the U.S. and Japan was highly effective, and the market has reached a consensus that the yen will not continue to weaken unilaterally.

Takeuchi expects that the Japan-U.S. exchange rate may fluctuate in the range of 155 to 162 in the short term.