Yen tumbles and Japan stocks soar as election talk reignites ‘Takaichi trade’
Currency at lowest since July 2024 after finance minister expresses concern over ‘one-way’ weakening
Currency at lowest since July 2024 after finance minister expresses concern over ‘one-way’ weakening

Markets have been on alert for government intervention in currency market

Surge in equities comes ahead of President Donald Trump’s visit to Tokyo

Japan’s finance minister had issued ‘final’ warning to speculators

Markets are still working out what a more empowered prime minister will mean for yen and bonds

Rises in government bond yields and weakness in the yen could have spillover effects on other markets

‘Takaichi trade’ gears up as investors bet new government’s plans to boost economy will require big expansion in borrowing