Some of Takehiko Nakao's remarks, who served as Japan's top currency diplomat from August 2011 to March 2013 and who said: -
- It's perfectly possible Tokyo could step in if the yen falls further
- As the yen weakens, the Bank of Japan may have no choice but to normalize monetary policy
- This includes exiting negative rates and ending yield curve control
He also says markets should not take things lightly and believes the threat of intervention is not imminent.
