Japanese Prime Minister Takaichi rejects criticism around weak yen and high interest rates
The prime minister denied that her policies were responsible for the yen’s weakness or rising JGB yields.
TL;DR
- Prime Minister Sanae Takaichi denies her policies are responsible for a weak yen and high Japanese government bond yields.
- She believes a strong economy will boost confidence in the yen.
- The government will manage the amount of new bond issuance appropriately.
- The yen has weakened sharply, and long-term yields have climbed to multi-decade highs.
- Takaichi is responding to criticism from opposition lawmakers.
- She plans to cut the food tax and unveiled a supplementary budget, raising concerns about bond issuance.