Japan’s new ruling party chief Sanae Takaichi pushed back against the view she favors further weakness in the yen, a comment that follows a slump in the currency in the aftermath of her leadership win at the weekend.
“I have no intention of triggering an excessively weak yen. But, just as a rule of thumb, I would say there are both merits and demerits to a weak yen,” Takaichi said in an interview on Japanese TV. “For export-focused companies, this is a buffer, given the concerns over the Trump tariffs.”