Prime Minister Takaichi's government is stepping up English-language
communications to reassure foreign investors worried about its fiscal policy
management. The minister in charge of economic revitalization gave an English
speech at an LSEG event in Tokyo last Thursday, and Finance Minister Katayama
has addressed FX-market questions in English at recent events. Tokyo rewrote the
English version of this year's Basic Policy after an earlier draft stoked
concern that the government might shift to a looser fiscal stance, which could
accelerate rises in long-term JGB yields and weaken the yen. Officials are
considering English releases of Council on Economic and Fiscal Policy documents;
some overseas market participants have already noted the change in
communications.
