Japan PM vows to underpin yen by boosting economic competitiveness
- On Thursday, Japanese Prime Minister Sanae Takaichi stated her administration's efforts to boost economic competitiveness will strengthen market confidence in the yen, telling Nippon Television the policy aims to increase supply capacity through bold investment.
- Analysts at OCBC Group Research noted the yen's "cheap valuation has done little to ease depreciation pressures," arguing intervention alone cannot deliver sustained recovery despite the G10's top-performing currency gains in the third quarter.
- Takaichi told President Donald Trump the yen's undervaluation was a problem last month, while Treasury Secretary Scott Bessent endorsed Japan's economic policy during bilateral talks with Finance Minister Satsuki Katayama on August 31.
- Societe Generale's chief FX strategist Kit Juckes wrote Wednesday that investors maintain a "strong market perception that further USD/JPY intervention is likely in the near future," though oil price spikes could reverse recent improvements.
- The Japanese government will set spending levels consistent with lowering Japan's debt-to-GDP ratio, as Takaichi said the administration will "appropriately manage" bond issuances to maintain both strong economic growth and sustainable fiscal policy.
13 Articles
13 Articles
Sanae Takaichi says stronger economy will support yen confidence, pledges to control bond issuance
Japan's prime minister says her policies will boost confidence in the yen after U.S. intervention falls short
Japan's Prime Minister said her government's policies will lift confidence in the yen, following underwhelming success in prior efforts to boost the currency.
Channel News Asia
Japan PM vows to underpin yen by boosting economic competitiveness
TOKYO, Oct 1 : Japanese Prime Minister Sanae Takaichi said the administration's efforts to boost the country's economic competitiveness will help ensure market confidence in the yen, according to a recorded interview aired by Nippon Television on Thursday.She also said she told US President Donald Trump that
The Japanese currency had its best quarterly performance among the currencies of the G10, but remains weak against the dollar. Sanae Takaichi argues that confidence will depend on domestic policies, while analysts anticipate that the market still fears another intervention.
Tokyo – Japanese Prime Minister Sanae Takaichi said in a pre-recorded interview broadcast on Nippon Television Thursday that the government's efforts to enhance economic competitiveness will help ensure market confidence in the yen. She also said that she told U.S. President Donald Trump last month that the yen's undervaluation was a problem. "Our economic policies are not aimed at currency manipulation," Takaichi said. "My administration aims t…
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
