Market Reactions to Sanae Takaichi's Leadership Raise Concerns for Japanese Yen

Japan's financial markets have reacted sharply to the selection of Sanae Takaichi as the new leader of the governing party, likely positioning her as the next prime minister. The yen has weakened significantly, and traders express the least optimism about its stability since 2022. Takaichi's pro-stimulus policies are raising concerns about Japan's economic future and the effectiveness of current strategies.