Takuji Aida, a member of the Japanese government committee and chief economist at Crédit Agricole, said that as the yen continues to approach the US dollar to 160, Japan may be closer to interfering in the foreign exchange market than many investors expected. He said that Japan has huge foreign exchange reserves, and if the government intervenes in the foreign exchange market, it may use these funds. “The government under Prime Minister Takaichi Sanae is more likely to hold this view.”

Takuji Aida, a member of the Japanese government committee and chief economist at Crédit Agricole, said that as the yen continues to approach the US dollar to 160, Japan may be closer to interfering in the foreign exchange market than many investors expected. He said that Japan has huge foreign exchange reserves, and if the government intervenes in the foreign exchange market, it may use these funds. “The government under Prime Minister Takaichi Sanae is more likely to hold this view.”