Japan bond jitters overshadow Takaichi's first economic policy roadmap

Japan PM Takaichi's first economic blueprint faced market jitters as bond yields climbed toward multi-decade highs, prompting repeated revisions to clarify Bank of Japan policy independence. The blueprint pledges public-private investment exceeding 370 trillion yen through fiscal 2040 but drops prior language on restoring fiscal health, raising concerns about rising debt and delayed rate hikes. Benchmark 10-year JGB yield hit 2.9% in July before easing to 2.73%, with analysts warning that language tweaks alone may not soothe market nerves.