Core Viewpoint - The resignation of Japanese Prime Minister Shigeru Ishiba has triggered significant market reactions, including a decline in the yen and increased volatility in the Japanese bond and stock markets [1][2][5]. Group 1: Market Reactions - The yen depreciated by 0.7% against the US dollar on the day of Ishiba's resignation announcement, continuing its trend as the weakest currency among G10 nations [3]. - The Nikkei 225 index opened 1% higher and expanded its gains to 1.34% as investors reacted to the news [4]. - Market volatility is expected to rise until a successor to Ishiba is confirmed, with concerns about Japan's fiscal deficit and political pressures contributing to this uncertainty [4][5]. Group 2: Economic Implications - The potential successor's policies are under scrutiny, particularly regarding the continuation of "Abenomics," which involved significant fiscal stimulus and unprecedented monetary easing [6]. - Japan's outstanding debt is nearing 250% of its GDP, the highest among developed nations, with the Finance Ministry indicating record budget requests for the third consecutive year [6][8]. - Long-term bond yields have been under upward pressure, with the 30-year bond yield reaching 3.285% and the 20-year yield hitting 2.69%, the highest since 1999, indicating rising borrowing costs for the government and public [7]. Group 3: Future Monetary Policy - The competition for the leadership of the ruling party includes candidates like Sanae Takaichi, who advocates for maintaining ultra-low interest rates to support economic recovery [9][10]. - The Bank of Japan's trend towards normalizing interest rates may be affected by Ishiba's resignation, with market participants concerned about the central bank potentially lagging behind economic developments [11][12].
石破茂辞职引发日元、日债遭抛售
财联社·2025-09-08 01:50