Yen’s Rapid Fall Complicates Takaichi Hopes for Slower BOJ Hikes

Japan’s likely next prime minister, Sanae Takaichi, risks unintentionally prompting a Bank of Japan rate hike as early as this month.

By giving markets the impression she doesn’t want the BOJ to move, she has helped drive down the yen. The currency hit 153.22 against the dollar on Thursday in Tokyo, its weakest in almost eight months.