日元汇率大幅贬值！高市早苗力推放水政策，恐引发美国不满

Group 1 - The election of Sanae Takaichi as the new leader of the Liberal Democratic Party in Japan marks a significant gender breakthrough in Japanese politics and reflects the structural challenges facing Japan's political economy in the post-Abe era [1] - Takaichi's economic policy is seen as an upgraded version of "Abenomics 2.0," advocating for a combination of active fiscal policy and sustained monetary easing, including plans to eliminate temporary fuel taxes and increase subsidies for healthcare and small businesses [1][2] - The market reacted positively to Takaichi's policies, with the Nikkei index surging by 4.83% on October 6, breaking the 48,000-point barrier and reaching a historical high, indicating optimism about liquidity expansion [2] Group 2 - In contrast to the stock market's positive response, the yen experienced a significant depreciation against the dollar, with a nearly 2% drop in a single day, reflecting deep concerns about the yen's future [4] - The depreciation of the yen complicates U.S.-Japan relations, as it undermines the effectiveness of the 15% tariffs imposed by the U.S. and raises questions about the stability of trade agreements established by previous administrations [4] - Japan's long-standing zero or negative interest rate policy is being challenged as the Bank of Japan has begun normalizing monetary policy, with interest rates rising from -0.1% to 0.25% in 2024, which will increase the burden of debt servicing on the government [6][7]