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Satsuki Katayama: Japan's Potential Finance Minister and Her Economic Implications
Satsuki Katayama’s expertise in budget drafting and currency diplomacy could support bold economic stimulus amid rising living costs and a weak yen, analysts say.
- On Tuesday, Sanae Takaichi finalised a plan to appoint Satsuki Katayama as finance minister, local media reported, making Katayama the first woman to hold the role as Takaichi is set to be voted in.
- Satsuki Katayama brings long experience as a finance ministry bureaucrat, known for currency diplomacy and close ties with ministry executives, which could both prod fiscal discipline and support Takaichi's bold spending.
- Markets reacted, briefly moving the dollar to around 150.50 yen before recouping losses, while the yen traded near 151 per dollar and the Nikkei share average hit a record high on Oct 21.
- Her appointment could make markets reassess yen weakness as Katayama's skills may help Takaichi fund bold stimulus while households face rising living costs.
- With an Oct 20 coalition deal in place, Sanae Takaichi's path to power narrowed as the Liberal Democratic Party and Japan Innovation Party hold 231 Lower House seats, emboldening equity markets.
12 Articles
12 Articles
New Japanese Prime Minister Sanae Takaichi Appoints New Ministers
Newly elected Prime Minister Sanae Takaichi appointed former Regional Revitalization Minister Satsuki Katayama as finance minister and House of Councillors member Kimi Onoda as economic security minister, it was announced Tuesday.
Malay Mail
AlKhaleej TodayJapan’s likely first female finance minister seen reining in weak yen, backing bold spending
Media reports Katayama to be appointed next finance ministerKatayama said yen’s real value is closer to 120-130 per dollarA former finance bureaucrat, she has knack for FX diplomacyHer experience drafting budget may help Takaichi do big spendingTOKYO, Oct 21 — The possible appointment of Satsuki Katayama as Japan’s next finance minister could give markets cause to rethink pushing the yen too low but might also help the country’s new leader find …
Satsuki Katayama: Japan's Potential Finance Minister and Her Economic Implications
Satsuki Katayama: Japan's Potential Finance Minister and Her Economic Implications Satsuki Katayama's potential appointment as Japan's finance minister could herald significant shifts in economic policy and currency valuation, challenging current yen depreciation trends. Recent media reports suggest Katayama's leadership might stabilize yen valuations, impacting both domestic economic strategies and international market perceptions.Her appointme…
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