Japanese Prime Minister Sanae Takaichi strongly denied that she was responsible for the weak yen and high interest rates. She said at the National Assembly on Monday: “There have been many criticisms against me before, such as 'high market depreciation of the yen, 'and 'high market interest rate'. I categorically deny these views.” Takaichi Sanae said that the current administration's goal is to build a strong economy and achieve fiscal sustainability, thereby boosting market confidence in the yen, and stated that it will reasonably control the scale of Japanese treasury bonds issued in the next fiscal year's budget. The Prime Minister's statement comes at a time when his cabinet, which has been in power for a year, is trying to ease the market's continuing concerns about financial management. Earlier this year, the draft annual economic policy raised concerns in the market, believing that the government would shift to a more expansionary policy stance and push the yen lower against the US dollar and an increase in long-term treasury bond yields.

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