Former Bank of Japan official Takeshi Atsuchi: Japan may temporarily not intervene in the exchange rate of the yen.

Former central bank official Atsushi Takamine, who participated in Tokyo market intervention actions ten years ago, said that due to coordinated strategies involving the United States that have helped prevent the yen from plummeting, Japan may not conduct official interventions in the short term. Takamine said that the New York Fed's suspected inquiry into exchange rates last Friday was a very rare event, indicating Washington's determination to cooperate with Japan in efforts to prevent a significant drop in the yen. "The US involvement has made a huge difference, because the market knows they should not confront the Federal Reserve."