Japan's 'Truss Moment': Takaichi's Spending Package Sparks Market Turmoil

Japans new Prime Minister, Sanae Takaichi, has unveiled a massive stimulus package, sparking concerns of a Truss moment in Japans financial markets. The package includes tax cuts, cash handouts, and industrial subsidies, raising worries of market instability and inflation. Japans high government debt and falling yen have added to investors fears, with bond yields reaching multi-decade highs and the Tokyo stock market under pressure. Analysts question if this is Japans Truss moment, as markets brace for potential declines in bonds and currency.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.