www.bloomberg.com
Japanese Prime Minister Sanae Takaichi has warned financial markets that the government is prepared to take decisive action amid rising bond yields and a weakening yen. This caution comes as Japan’s fiscal health deteriorates, with 40-year government bond yields hitting record highs and the yen falling to a multi-decade low against the dollar. Takaichi emphasized that while monetary policy is decided by the Bank of Japan, Tokyo will coordinate closely with the central bank to ensure economic stability. The statement signals potential currency intervention or fiscal measures to curb excessive volatility in the markets, reflecting growing concerns over the country’s debt sustainability and inflationary pressures.
Read More
