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独家-日本货币外交官三村敦促市场重视关于日元的“非常明确”警告Exclusive-Japan's currency diplomat Mimura urges markets to heed 'very clear' warning on yen

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东京,9月28日:日本首席货币外交官三村淳周一日表示,市场应如实解读东京和华盛顿上周就日元问题发出的“非常明确”的信息,这表明他决心采取行动,遏制货币过度下跌。

TOKYO, Sept 28 : Japan's top currency diplomat Atsushi Mimura said on Monday markets should take at face value the "very clear" message Tokyo and Washington delivered last week on the yen, signalling his resolve to act against excessive falls in the currency.

日本财务大臣片山皋月周五表示,美国总统唐纳德·特朗普在与日本首相高市早苗举行的峰会上,对日元疲软表达了关切。她罕见地详细描述了两位领导人在货币问题上的会谈内容。

US President Donald Trump raised concerns about yen weakness at a summit with Japanese Prime Minister Sanae Takaichi, Japan's Finance Minister Satsuki Katayama said on Friday, offering an unusually detailed account of the leaders' talks on currencies.

三村在接受路透社关于日元近期下跌的采访时称:“日本首相、财务大臣和美国方面发出了非常明确的信息。市场应如实解读这一信息。”“我将密切关注市场是否会继续如实解读(这一信息)。”尽管他拒绝评论日本是否可能再次干预以支撑日元,但三村表示,他对日元近期的走势既不满意,也未感到安心,暗示东京对货币再次下跌的风险保持警惕。

"Japan's prime minister, finance minister and the US have sent a very clear message. Markets should take that message at face value," Mimura said in an interview with Reuters on the yen's recent declines. "I will be watching closely whether markets will continue to take (the message) at face value." While he declined to comment on whether Japan could intervene again to prop up the yen, Mimura said he remained neither satisfied nor reassured over the yen's recent moves, suggesting that Tokyo remained on guard against the risk of renewed declines in the currency.

作为东京和华盛顿共同致力于解决日元疲软问题的迹象,片山皋月与美国财政部长斯科特·贝森特在周五的电话会谈中重申,日元被低估是一个令人关切的问题。

In a sign of Tokyo and Washington's shared determination to address the weak yen, Katayama and her US counterpart Scott Bessent reaffirmed that the yen's undervaluation is a matter of concern in phone talks on Friday.

当被问及日本是否已准备好再次进行单独或协调的日元买入干预时,三村表示:“我对我们可能如何行动不予置评。”

Asked whether Japan stood ready to conduct solo or coordinated yen-buying intervention again, Mimura said: "I have nothing to comment on how we could act."

他驳斥了部分市场参与者认为资金限制可能削弱日本再次入市能力的观点,称:“我对此完全没有担忧。”在三村发表上述言论后,日元对美元汇率飙升,突破157关口,交易于156.75附近。“非常好”的双边关系日元疲软已成为日本政策制定者的担忧来源,因为它推高了包括燃料在内的进口成本,而中东战争已导致燃料价格飙升。

He brushed aside the view, held by some market players, that funding constraints could limit Japan's ability to step into the market again, saying: "I have absolutely no such concern." The yen spiked against the dollar after Mimura's remarks, breaking through the 157 line to trade around 156.75. 'VERY GOOD' BILATERAL RELATIONSHIP A weak yen has become a source of concern for Japanese policymakers by pushing up the cost of imports, including for fuel, which has spiked due to the Middle East war. Wary of the inflationary impact from a weak yen, the Bank of Japan raised interest rates to a 31-year high of 1.25 per cent earlier this month following a hike in June.

日本央行警惕日元疲软带来的通胀影响,在6月加息后,于本月初将利率上调至1.25%,创31年新高。

But the move, as well as the BOJ's pledge to keep raising rates, has failed to prop up the yen, as the US Federal Reserve's rate hike and hawkish communication led to market views that the huge US-Japan rate gap will not narrow quickly.

但这一举措以及日本央行承诺继续加息,未能支撑日元走强,因为美联储加息及鹰派表态导致市场认为,巨大的美日利差不会迅速收窄。

When looking at both countries' monetary policy stances since last year, the BOJ is clearly on a rate-hike path, while the Fed only began raising rates in September, Mimura said.

三村说,回顾去年以来两国的货币政策立场,日本央行明显处于加息路径上,而美联储直到9月才开始加息。

"As such, the gap between Japanese and US policy rates has been narrowing as a trend," Mimura said. "We are always mindful of such developments in watching market moves," he added.

三村说:“因此,日美政策利差呈收窄趋势。”他补充道:“在关注市场动向时,我们始终留意此类进展。”

Japan and the US conducted a rare, coordinated intervention on July 31 to prevent the currency's slide to near 40-year lows from destabilising financial markets - a move Mimura described then as the culmination of the two countries' "currency alliance." Mimura said he used the language "currency alliance" to describe how the two countries' strong relationship extended beyond exchange rates to encompass cooperation on economic security, critical minerals and global supply chains.

日本和美国于7月31日进行了罕见的协调干预,以防止货币滑落至近40年低点而动摇金融市场——三村当时将此举描述为两国“货币同盟”的集大成之作。三村表示,他使用“货币同盟”一词是为了描述两国牢固的关系已超越汇率范畴,延伸至经济安全、关键矿产和全球供应链等领域的合作。

Japan and the US conducted a rare, coordinated intervention on July 31 to prevent the currency's slide to near 40-year lows from destabilising financial markets - a move Mimura described then as the culmination of the two countries' "currency alliance." Mimura said he used the language "currency alliance" to describe how the two countries' strong relationship extended beyond exchange rates to encompass cooperation on economic security, critical minerals and global supply chains.

三村说:“即使在汇率以外的领域,日美关系也非常良好。”他补充说,这种牢固的纽带很可能促成了联合干预日元。

"Even in areas aside from exchange rates, there's a very good relationship between Japan and the US," Mimura said, adding that such strong ties likely led to the joint yen intervention.

一些分析师将财长贝森特上月呼吁日本“坐享安倍经济学成果”解读为对日本首相高市早苗大规模支出计划的讽刺。

Some analysts have interpreted Treasury Secretary Bessent's calls last month for Japan to "sit back and enjoy the success of Abenomics" as a swipe against Japanese Prime Minister Sanae Takaichi's big spending plans.

三村反驳了政府财政政策被视为再通胀、从而促使投资者抛售日元和日本国债的观点。

Mimura pushed back against the view that the administration's fiscal policy was seen as reflationary, thereby prompting investors to sell yen and Japanese government bonds.

他说:“我从未从G7、G20或其他海外同行那里收到过日本财政政策过于扩张的批评。”

"I've never received any criticism from G7, G20 or other overseas counterparts that Japan's fiscal policy is too expansionary," he said.