The International Monetary Fund said that it sees no factors that would compel Japan to intervene in the foreign exchange market to support the yen.
“We don’t see any conditions,” Sanjaya Panth, deputy director for IMF’s Asia and Pacific Department, told reporters Saturday at the annual gathering of IMF and World Bank in Marrakech, Morocco. Pantha cautioned that he wasn’t speaking on behalf of the Japanese authorities, who he said “may know things I don’t” about the situation.
