TOKYO, July 15 (Reuters) – Japanese Prime Minister Sanae Takaichi said on Wednesday that she saw no link between her government’s draft economic blueprint and a recent market rout that has driven Japanese government bond yields to multi-decade highs.
Takaichi added that interest rates and foreign exchange are determined by various factors such as U.S. interest rates and economic indicators.
Concerns about political interference in monetary policy have grown since the draft blueprint said it was “very important for monetary policy to be guided appropriately to achieve a stronger economy”.
(Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman)
Comments