股债汇三杀！日股4天跌去2700点，国债被抛售，日元汇率也遭殃！起底高市“毒苗”：她的“水有多深”？

Core Viewpoint - The Japanese financial market is facing significant pressure due to Prime Minister Kishi Sanae's controversial remarks and her push for aggressive fiscal policies, leading to concerns about the deterioration of Japan's fiscal situation and a potential economic downturn [1][5]. Economic Impact - Japan's real GDP for the third quarter has decreased at an annualized rate of 1.8%, marking a return to negative growth since the first quarter of 2024 [1]. - The Tokyo stock market has experienced a decline, with the Nikkei index dropping over 2,700 points over four consecutive trading days [3]. - Concerns about deteriorating Japan-China relations have led to significant sell-offs in sectors closely tied to inbound consumption, such as retail, transportation, and hospitality [5]. Market Reactions - Investors are reacting to Kishi's remarks regarding Taiwan, which are perceived to threaten Japan-China relations, resulting in a broad sell-off of stocks related to the Chinese market, including major companies like Sushi郎, Muji, and Fast Retailing [5]. - The long-term Japanese government bonds have seen a rise in yields, with the new 10-year bond yield reaching 1.775%, the highest since June 2008 [6]. - The Japanese yen has entered a depreciation phase, recently falling below 156 against the US dollar, exacerbated by expectations of large-scale fiscal stimulus from the government [6]. Political Pressure - Kishi is facing political backlash from within her party, with senior members openly opposing her statements and proposed changes to Japan's nuclear policy [8][10]. - Former Prime Minister Ishiba Shigeru and other party leaders have criticized Kishi's remarks, emphasizing the need to maintain Japan's "Three Non-Nuclear Principles" [10][11]. Historical Context - Kishi's political stance is seen as more aggressive than her predecessor, Shinzo Abe, with a focus on revising Japan's pacifist constitution and increasing defense spending [12][14]. - Her controversial actions, such as visiting the Yasukuni Shrine and making statements that downplay Japan's wartime history, have raised concerns about her right-wing ideology [14].