Japanese authorities appear to be altering their approach to supporting the yen, employing a strategy of reduced communication. Previously, officials actively voiced concerns and issued warnings to counteract the yen’s depreciation. Now, they are speaking less frequently and, when they do, their statements are deliberately ambiguous and lack strong conviction. This shift suggests a potential move away from relying solely on “verbal intervention” – attempts to influence the market through statements – as a tool to bolster the currency. Analysts believe this silence may indicate a willingness to tolerate a weaker yen, or a preparation for more direct intervention methods. The change in strategy follows significant yen declines against the dollar. This approach carries risks, as a lack of clear signaling could increase market volatility.