Adviser to Takaichi's Policy Circle Says Weak Yen Is Good for Economy

Will Takaichi's 'Abenomics' weaken the yen and raise the ire of Trump?

Markets have responded to Takaichi's victory with the "Takaichi trade," pushing the Nikkei to record highs and weakening the yen to beyond the 150 mark.

Adviser to Takaichi's policy circle says weak yen is good for economy

TOKYO :The yen's current weakness benefits the economy and the hit to households from rising import costs can be offset by aggressive fiscal spending, said Takuji Aida, an economist advising the policy circle of Japan's likely new premier Sanae Takaichi.In an interview with Reuters, Aida brushed off concern t

FX Moment: Mizuho’s Rochester on Yen After Surprise Takaichi Win

The unexpected election of the LDP’s Sanae Takaichi and her known bias for expansionary fiscal policies is questioning the yen’s bull case and the …

Yen traders engage in ‘mass square-up’ after Takaichi election win

Macro hedge funds were heavily active in yen trading on Monday, with a significant portion of flows reflecting a “mass square-up” of bullish positions rather than the initiation of new bearish bets, according to a report by Bloomberg citing traders at Nomura International and Citigroup. The dollar-yen pair surged nearly 2% amid expectations that Sanae Takaichi’s win could spur fiscal stimulus and slow the pace of Bank of Japan rate hikes. Trader…