The market was turbulent after Japanese Prime Minister Takaichi Sanae came to power, and the yen became a "toy" for speculators

Since Japanese Prime Minister Takaichi Sanae came to power, the market value of Tokyo-listed stocks has evaporated by approximately US$127 billion, the yen has continued to weaken, and Japanese bond yields have soared. The Bank of Japan is less likely to raise interest rates in the short term, with the probability of keeping interest rates unchanged in December rising from about 30% to 80%.
The market has become numb to the verbal intervention of Japanese officials, and the yen has become a "toy" for speculators. Deutsche Bank's global head of foreign exchange research warned that the high market's spending plans may trigger disorderly capital flight. First Eagle investment managers believe that Japan's economy is performing well and now may not be the time to significantly increase fiscal stimulus.