Expectation for an early BOJ rate hike recedes as concern over Takaichi’s fiscal policy rises
In October, the Japanese yen fell by more than 7 yen, or 4%, against the dollar. (Photo by Akira Kodaka)
AYAKA YOSHINO
November 10, 2025 05:08 JST
TOKYO — Financial institutions in Japan and elsewhere are revising their outlook for the yen’s exchange rate against the dollar downward, as expectations for the Bank of Japan’s rate hike recede, while awareness of the budget expansion under Japan’s new Prime Minister Sanae Takaichi is mounting pressure to sell the country’s currency.