As the yen approaches the red line of 160, Aoyama Toshiyuki issues another warning on intervention! Rate hike may be the last "life-saving straw" Bank of Japan has been pushed to the limit.

According to the Zhitong Finance APP, as the Japanese yen weakens against the US dollar once again, approaching the level when the Japanese authorities intervened in the foreign exchange market at the end of April, Japanese Finance Minister Taro Aso reiterated that the authorities are prepared and can respond to fluctuations in the foreign exchange market at any time when necessary. Aso said on Wednesday, "As I have always said, we are prepared to take measures in response to the foreign exchange market as needed at any time."