Japan’s finance chief says Takaichi isn’t ‘reflationist’
The finance minister also reiterated her readiness to again support the yen and played down jitters over the recent gains in bond yields.
Prime Minister Sanae Takaichi is not a reflationist, according to her Finance Minister Satsuki Katayama, who aimed to clarify any misunderstandings among international investors. Katayama explained that Takaichi emphasizes this distinction to prevent concerns that her government would engage in excessive spending and put pressure on the Bank of Japan to maintain low interest rates.
Market observers have previously drawn parallels between Takaichi and former Prime Minister Shinzo Abe, noting his penchant for monetary easing and flexible fiscal policy when aiming to stimulate the economy after years of stagnation. However, Katayama's comments aim to set a clear distinction from Abe's approach.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
