Japan's top foreign exchange diplomat announced yen short positions unwound, indicating currency stabilization.

Japan's top foreign exchange diplomat, Atsushi Mimura, announced that yen short positions accumulated until July have been unwound, indicating a stabilization in currency values. He emphasized the importance of currency movements reflecting fundamental economic conditions as Japan shifts out of deflation. Finance Minister Suzuki added that forex levels should be market-driven, with government intervention being infrequent yet impactful. Both officials aim to support stable economic growth.