Japanese gov't names Mimura as top currency diplomat

Just checked it this morning USD to JPY, still above 160 yen. So that's only PR by JGovt no actual price being changed.

Weak yen means more exports$$, what's wrong with that???

Somebody hit the panic button.

I have never seen the term "currency diplomat". Exchange rates are set by a number of macroeconomic, financial and trade variables. Governments play only a small part with that part mostly reserved b the national/central bank. Japan crisis mode engaged.

@deanzaZZR

 never seen the term "currency diplomat". Exchange rates are set by a number of macroeconomic, financial and trade variables. 

Japan love doing PR and spend lot of money into something that really unrelated to actual objectives.

@ WoodyLee

Weak yen means more exports$, what's wrong with that???

Where Japan get its raw material? Abroad. What currency being used to pay those raw material? In foreign currency.

Even for labor, Vietnamese cheap labor find Japan attractive, only if Japan had strong currency. Those labor need to pay their debt in their country currency.