Takaichi Denies Blueprint Drove Japan Bond Yields to Multi-Decade Highs
Updated
Updated · WTVB · Jul 15
Takaichi Denies Blueprint Drove Japan Bond Yields to Multi-Decade Highs
3 articles · Updated · WTVB · Jul 15
Summary
Sanae Takaichi said she sees no link between the government's draft economic blueprint and the recent selloff that pushed Japanese government bond yields to multi-decade highs.
The prime minister argued rates and foreign exchange are shaped by multiple forces, citing U.S. interest rates and economic indicators rather than domestic policy wording.
The denial follows rising concern that the draft blueprint could signal political pressure on the Bank of Japan after it said monetary policy should be guided appropriately to achieve a stronger economy.