Kathryn Dominguez was quoted in a Financial Times article about the currency challenges facing Japan's new prime minister. The value of the Yen recently reached a 15-year high and the Japanese government must decide if currency intervention is appropriate.
Dominguez told the Financial Times that authorities would normally intervene when a currency was moving rapidly in a direction counter to existing economic circumstances. "Probably for Japan right now, you would expect the yen to appreciate," she explained.