Japanese Prime Minister Sanae Takaichi has denied responsibility for the yen’s weakness and rising interest rates, calling the repeated criticisms unfounded. Under her leadership, Japanese government bond yields have reached multi-decade highs, while the yen has depreciated to its lowest level since 1986, prompting intervention from Tokyo and Washington in foreign exchange markets. Takaichi stated her government aims to restore confidence in the yen through economic strength, while carefully managing government bond issuance. She confirmed that total bond issuance for 2026 will remain unchanged from the original budget plan, though experts have expressed skepticism about this commitment.
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