Latest news with #currencypolicy
Yahoo
11 hours ago
- Business
- Yahoo
Japan's top FX diplomat Mimura to serve in post for second year
By Makiko Yamazaki TOKYO (Reuters) -Japan's top foreign exchange diplomat, Atsushi Mimura, was reappointed for a second year, the finance ministry said on Tuesday, as he remains a vital member of the country's U.S. tariff negotiations team. The 58-year-old Mimura will remain vice finance minister for international affairs - a post that oversees Japan's currency policy and coordinates economic policy with other countries. Finance Minister Katsunobu Kato said at a press conference that the ministry sought the reappointment of Mimura as he "has been engaged in trade talks with the United States, led by (Japan's chief trade negotiator) Ryosei Akazawa, as well as discussions on foreign exchange between me and U.S. Treasury Secretary Scott Bessent." While the finance ministry conducts a regular personnel reshuffle every year, it is not rare for the top foreign exchange diplomat post to be served for more than a year. His predecessor, Masato Kanda, currently the president of the Asian Development Bank, stayed in the post for three years as he combated the yen's falls to 38-year lows against the dollar with record yen-buying interventions. Sign in to access your portfolio
Yahoo
12 hours ago
- Business
- Yahoo
Japan's top FX diplomat Mimura to serve in post for second year
By Makiko Yamazaki TOKYO (Reuters) -Japan's top foreign exchange diplomat, Atsushi Mimura, was reappointed for a second year, the finance ministry said on Tuesday, as he remains a vital member of the country's U.S. tariff negotiations team. The 58-year-old Mimura will remain vice finance minister for international affairs - a post that oversees Japan's currency policy and coordinates economic policy with other countries. Finance Minister Katsunobu Kato said at a press conference that the ministry sought the reappointment of Mimura as he "has been engaged in trade talks with the United States, led by (Japan's chief trade negotiator) Ryosei Akazawa, as well as discussions on foreign exchange between me and U.S. Treasury Secretary Scott Bessent." While the finance ministry conducts a regular personnel reshuffle every year, it is not rare for the top foreign exchange diplomat post to be served for more than a year. His predecessor, Masato Kanda, currently the president of the Asian Development Bank, stayed in the post for three years as he combated the yen's falls to 38-year lows against the dollar with record yen-buying interventions. Sign in to access your portfolio
Reuters
12 hours ago
- Business
- Reuters
Japan's top FX diplomat Mimura to serve in post for second year
TOKYO, June 24 (Reuters) - Japan's top foreign exchange diplomat, Atsushi Mimura, was reappointed for a second year, the finance ministry said on Tuesday, as he remains a vital member of the country's U.S. tariff negotiations team. The 58-year-old Mimura will remain vice finance minister for international affairs - a post that oversees Japan's currency policy and coordinates economic policy with other countries. Finance Minister Katsunobu Kato said at a press conference that the ministry sought the reappointment of Mimura as he "has been engaged in trade talks with the United States, led by (Japan's chief trade negotiator) Ryosei Akazawa, as well as discussions on foreign exchange between me and U.S. Treasury Secretary Scott Bessent." While the finance ministry conducts a regular personnel reshuffle every year, it is not rare for the top foreign exchange diplomat post to be served for more than a year. His predecessor, Masato Kanda, currently the president of the Asian Development Bank, stayed in the post for three years as he combated the yen's falls to 38-year lows against the dollar with record yen-buying interventions.
Bloomberg
22-05-2025
- Business
- Bloomberg
White House's Miran Says No Secret Currency Pact in Trade Talks
The White House's chief economist rejected the notion that a secret currency accord to weaken the dollar is in the works, and instead touted the benefits of a strong greenback. 'The United States continues to have the strong dollar policy,' Stephen Miran, chair of the Council of Economic Advisers, said on Bloomberg's Big Take DC podcast. He noted that Treasury Secretary Scott Bessent is the official spokesperson for currency policy. 'We're not secretly at work on any of this stuff. There's nothing there,' he said about speculation of an international pact to depreciate the dollar.
