Japan’s top foreign exchange official: Previous interventions in the yen have shown results

```htmlGolden Ten Data reported on July 1 that Japan’s top foreign exchange official, Atsushi Mimura, stated that the foreign exchange market intervention undertaken two months ago to support the yen was a success and received support from some US officials. He said: "Judging from the subsequent market movements, I believe that intervention was clearly meaningful. To my knowledge, the US has never made any comments opposing our actions; instead, they actually issued some statements that were more supportive." Mimura made these remarks as the yen fell to its lowest level against the US dollar in 40 years, raising further inflation risks for Japan. Japan is a major energy importer, and more than half of its food is imported. He emphasized frequent communication with Washington and said: "Through phone calls and emails, I am in contact with US counterparts much more often than the outside world imagines."```