Global Market: Japan's Takaichi unveils growth blueprint, reiterates investment push amid bond market concerns

Japan's PM Takaichi unveiled a revised economic blueprint targeting combined public and private investment of over 370 trillion yen (around $2.28 trillion) through fiscal 2040 in strategic industries. The final version preserves Bank of Japan's independence on monetary policy after earlier drafts linking policy to the government's growth agenda unsettled markets and pushed long-term government bond yields to multi-decade highs. Investors remain watchful of fiscal-monetary coordination given Japan's heavy debt burden and the BOJ's cautious rate hike path, with the policy rate currently at 1%.