Overview
- The breach occurred in New York on Nov. 17, and Tokyo markets also touched the ¥180 threshold on Nov. 18.
- Local reporting links the currency selloff to concerns that the Takaichi administration’s fiscal expansion could worsen Japan’s public finances.
- Unconfirmed reports indicate the government is preparing an economic package substantially above ¥17 trillion.
- The euro’s strength reflects the ECB holding rates unchanged since July, which has kept interest-rate differentials unfavorable for the yen.
- Japan assets fell together on Nov. 18, with the yen weaker, government bonds sold and stocks sliding, as investors watch a Takaichi–Ueda meeting and the BOJ’s December decision.