Mr Yen Mimura says seeing an increase in trade protectionism, such as tariffs

Atsushi Mimura is Japan’s vice finance minister for international affairs, AKA ‘top currency diplomat’.

Japan’s finance ministry is the relevant authority in Japan for ordering intervention in the JPY. Mimura would be directing Bank of Japan intervention, should it come to that.

• we are seeing an increase in protectionism, such as tariffs
• need to seek middle ground way of addressing the negative aspects of globalisation, while avoiding slide into protectionism

This article was written by Eamonn Sheridan at www.forexlive.com.