Takayoshi rejects link to weak yen

Prime Minister Sanae Takayoshi of Japan took responsibility for the decline in the yen's value and the rise in interest rates, emphasizing that her government aims to boost market confidence in the currency by building a strong economy and improving public finances. She also indicated that she will limit the sale of government bonds in the upcoming budget to soothe market concerns regarding fiscal management. These comments come as Japan moves toward reducing its reliance on expansionary fiscal policies, with inflation approaching the 2% target, and with the possibility that bond yields may rise if interest rates are not increased at an appropriate pace.

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