Takaichi rejects blame for weak yen and rising bond yields
Japanese Prime Minister Sanae Takaichi denied her policies were behind the yen's weakness or higher government bond yields, as Tokyo steps up English-language outreach to foreign investors, who hold 13% of JGBs.
Why it matters
Japan's bond market and currency affect global capital flows.
Background
Takaichi favours expansionary fiscal policy. Japan carries the highest public debt among rich nations.
The story so far
- Japanese PM Takaichi's approval falls below 50%
- Takaichi rejects blame for weak yen and rising bond yields
Sources
- CNBC ↗Oct 19, 1:29 AM ET
- Japan Times ↗Oct 18, 11:06 PM ET
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