Government is watching markets with very high sense of urgency Long-term interest rates are decided by markets based on various factors Want to secure market trust by stably lowering government debt-to-GDP ratio It’s not direct verbal intervention and jawboning towards the…
panese yen currency situation, but the headline remark is indirectly alluding to that. The Japanese government continues to reaffirm that Takaichi’s fiscal policy approach remains the right way to go
However, that hasn’t quite been reflected by the economic situation and market confidence since last year already. The US-Iran war definitely doesn’t help in that regard and more so with the BOJ also raising interest rates at a time when Japan’s fiscal position and debt risks are mounting. 9bde53b91e184082bbe3aa3acaaf2cb0