The post Sanae Takaichi wins majority in lower house, set to become Japan’s first female Prime Minister appeared on BitcoinEthereumNews.com.

Japan’s Sanae Takaichi is poised to be the country’s first female Prime Minister after getting 237 votes in the Lower House, more than what’s needed for a simple majority, BBC reported on Tuesday. The voting in the Upper House has already ended, and vote counting is now underway. Market reaction    At the press time, the USD/JPY pair is up 0.18% on the day to trade at 151.01. Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen. Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential. The Japanese Yen is often…

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Filed under: News - @ October 21, 2025 5:28 am