Sanae Takaichi Clarifies Weak Yen Remarks, Emphasizes Focus on Enhancing Economic Resilience

Odaily News Japanese Prime Minister Sanae Takaichi clarified her remarks regarding the yen's depreciation on Sunday, emphasizing that she was only advocating for the need to establish an economic system capable of withstanding exchange rate fluctuations. "I did not say that a strong yen is good, or that a weak yen is bad," Takaichi posted on her social media platform X, "My point is that I hope to build a robust economic structure that can withstand exchange rate fluctuations." Takaichi's comments aimed to clarify her statements made on Saturday while campaigning for Liberal Democratic Party candidate Daishiro Yamagiwa in Kanagawa Prefecture. She had stated at the time: "Although people are saying now that yen depreciation is bad, for the export industry, this is actually a huge opportunity." She added that yen depreciation also provides a buffer for the automotive industry to cope with U.S. tariffs, and the help is "very significant." (Jin10)