Japanese Prime Minister Sanae Takaichi highlighted export benefits from a weaker yen, contrasting with Finance Minister Satsuki Katayama’s intervention threats. While Takaichi sees opportunities for industries like food and automobiles, the yen’s decline fuels inflation and prompts central bank rate hike signals. Investor concerns over Japan’s finances are evident as bond yields hit record highs.
Oil prices fall 1% as investors weigh pause in US strikes on Iran
Oil prices dropped as market participants assessed a pause in US strikes on Iran. Hopes for a diplomatic solution eased concerns about Middle East energy