BOJ

Prime Minister Sanae Takaichi's cabinet approved its first economic and fiscal policy guidelines on Tuesday, emphasizing aggressive fiscal spending. The plan treats the next fiscal year as the first year of responsible and proactive spending and targets 370 trillion yen in combined investment by fiscal 2040.

May 05, 2026 Reported by AI

Following its May 1 intervention that propelled the yen higher, Japan's Vice Minister of Finance Satsuki Katayama stated on May 5 that the country can conduct two more interventions before November under IMF guidelines. Authorities also warned traders to stay alert as yen battles intensify.