Japan's Hamada says they would have to intervene if USDJPY fell to 90-95

Koichi Hamada, special adviser to Japan’s PM Abe, told Reuters this Tuesday that Japan would intervene in the fx markets if the yen rose to 90-95 levels against the US dollar.

Key Quotes:

In case the yen happens to be so firm that it becomes between 90-95 yen per dollar, then Japan would have to intervene even if it angers the United States

I don't think Japan would be able to wait

If verbal intervention alone works, that is the best

But if it is repeated many times, it will become ineffective

Japan can warn markets that the nation has a right to stem volatile currency moves

When asked on sales tax hike matter, Mr. Hamada noted, “There are many risks to raising the sales tax when conditions are so rocky in the economy.”