Japan’s Top FX Diplomat Mimura says seeing an increase in trade protectionism, such as tariffs

FXStreetMar 6, 2025 1:24 AM

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Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange diplomat, said on Thursday that the officials are seeing an increase in protectionism, such as tariffs.

Mimura further stated that he needs to seek the middle ground way of addressing the negative aspects of globalization while avoiding sliding into protectionism

Market reaction

At the time of press, the USD/JPY pair was up 0.23% on the day at 149.21.

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