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Japan PM denies yen decline blame
Japanese Prime Minister Sanae Takayashii confirmed that her government does not bear responsibility for the depreciation of the yen or the rise in interest rates, indicating that the government is working to boost confidence in the currency by strengthening the economy and improving fiscal health. Her remarks come at a time when Japanese officials are attempting to reassure markets about the risks associated with fiscal spending policies and easing monetary policy, while monitoring the markets for government financing to cut taxes and increase defense spending without raising public debt. The statements suggest that the Central Bank is approaching its 2% inflation target, accompanied by warnings that long-term bond yields could rise if interest rate hikes are not balanced.
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