Japan PM Takaichi says draft economic blueprint not cause of bond market rout

Japanese Prime Minister Sanae Takaichi said on Wednesday that she saw no link ‌between ⁠her government's ⁠draft economic blueprint and a recent market rout that has driven Japanese government bond yields ⁠to multi-decade highs.

Takaichi ‌added that interest rates and ⁠foreign exchange are determined by various factors such as U.S. interest rates and economic indicators.

Concerns about political interference in ‌monetary policy have grown since the draft blueprint ⁠said it was "very important for monetary policy to be guided appropriately to achieve a stronger economy".