Sanae Takaichi: Currently no plans to implement energy-saving measures that suppress economic activity

SighingCashier · 2026-04-07T03:06:48+00:00

Japanese Prime Minister Sanae Takaichi stated that although the Iran situation has raised concerns about energy supply, there are currently no plans to ask households and businesses to implement energy-saving measures that could harm economic activity. The government will closely monitor the situation and act swiftly if necessary.Additionally, Japanese Finance Minister Shōzō Katayama said that due to the uncertainty caused by the Middle East conflict leading to high volatility in financial markets, the Japanese government will stay in close contact with other G7 members.Shōzō Katayama stated that G7 finance ministers and central bank governors agreed last week that developments in the Middle East and sharp fluctuations in oil prices are having widespread impacts on the markets. Japan’s position is to continue maintaining close communication with G7 countries and to clearly convey its messages.He made these remarks when asked about the rise in Japan’s government bond yields. Analysts say that the increase in yields to some extent

SighingCashier

2026-04-07 03:06:48

Japan’s Prime Minister Sanae Takakichi said that, although the situation in Iran has raised concerns about energy supply, there is currently no plan to require households and businesses to take energy-saving measures that could damage economic activity. The government will closely monitor the situation and take swift action if necessary.

In addition, Japan’s Finance Minister Katayama Akiyuki said that, given the uncertainty brought by the conflict in the Middle East that has led to high volatility in financial markets, the Japanese government will maintain close contact with the other seven Group of Seven (G7) member countries.

Katayama Akiyuki said that the G7 finance ministers and central bank governors unanimously agreed last week that developments in the Middle East situation and the sharp swings in oil prices are having a broad impact on the market. Japan’s position is to continue maintaining close contact with G7 countries and ensure that its message is clearly conveyed.

She made the above remarks when asked about the rise in Japan’s government bond yields. Analysts said that, to a certain extent, the rise in yields reflects market concerns about Japan’s implementation of fiscal stimulus measures in response to rising energy costs and yen depreciation.

Japan’s government bond yield curve steepened on Monday. The 10-year government bond yield rose to the highest level in more than 27 years, while the yen/dollar exchange rate remained near the important psychological level of around 160 yen.

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