Japan PM Pledges to Rein in Debt Issuance

Japanese Prime Minister Sanae Takaichi on Monday vowed to “appropriately” control the scale of annual debt issuance, stressing that fiscal discipline and economic resilience are key to bolstering confidence in the yen and stabilising public finances. Addressing parliament, she underscored the need to balance growth with responsibility as Tokyo grapples with a $7 trillion debt burden, the largest among advanced economies, and renewed turbulence in the bond market. Her remarks aim to reassure investors after the recent selloff highlighted vulnerabilities in Japan’s fiscal outlook.