Japan PM Takaichi did not stress weak yen's benefits, government says
FILE PHOTO: Japanese Prime Minister Sanae Takaichi speaks during a press conference at the prime minister's official residence on January 19, 2026, Tokyo, Japan. Rodrigo Reyes Marin/Pool via REUTERS/File Photo
TOKYO, Feb 2 : Japanese Prime Minister Sanae Takaichi was not highlighting the benefits of a weak yen in her campaign speech over the weekend, a government spokesperson said on Monday.
Takaichi on Saturday said the yen's depreciation was a "major opportunity" for export industries and that it served as a buffer against U.S. tariffs. But she later said she did not have a preference for the yen's direction.
"The prime minister was expressing the view that we want to build an economic structure resilient to exchange-rate fluctuations," Deputy Chief Cabinet Secretary Masanao Ozaki said in a regular news conference.
"It is absolutely not the case, as some reports suggest, that she was emphasizing the so‑called benefits of a weak yen," he said.
