Ex-Diplomat Warns of Yen Intervention Risk and Predicts BOJ September Rate Hike

Former official Mitsuhiro Furusawa flags potential US-Japan forex intervention due to weak yen, forecasting a BOJ rate hike in September with further increases later.

Woofun AI reports that former senior Japanese foreign exchange official Mitsuhiro Furusawa stated the yen remains excessively weak, creating conditions for renewed joint intervention by Japan and the United States. He anticipates the Bank of Japan will implement a rate hike in September, potentially followed by another increase in December or January next year, targeting an interest rate range of 1.5% to 1.75%.