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Japan — Economy — World Affairs

Takaichi Vows To Restore Confidence In Weak Japanese Yen

A joint U.S.-Japan intervention and the Bank of Japan’s September rate increase helped the yen gain 3.3% against the dollar during the third quarter

,   and  TIPP Staff
2 min read
Japan’s Prime Minister Sanae Takaichi (Pic via X)

Japan’s Prime Minister Sanae Takaichi said Thursday that her government’s economic policies will strengthen market confidence in the yen, after previous currency-support measures produced limited results.

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Takaichi told Nippon Television, in comments reported by Reuters, that she had raised concerns about the yen’s undervaluation with President Donald Trump last month. She said her government was focused on expanding Japan’s economic capacity through investment rather than deliberately influencing exchange rates.

A joint U.S.-Japan intervention and the Bank of Japan’s September rate increase helped the yen gain 3.3% against the dollar during the third quarter, according to Deutsche Bank data. However, the dollar remained around 158.37 yen Thursday.

Analysts cited by Reuters said markets expect possible further intervention, but warned intervention alone may not produce a lasting recovery. Yen weakness has increased import costs and inflation while raising concerns about Japan’s bond market.

Takaichi said Japan would manage borrowing carefully while addressing fiscal needs and reducing its debt-to-GDP ratio.

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