Japanese Prime Minister Takaichi Sanae will soon meet with the central bank governor. The decline of the yen and Japanese bonds adds pressure to her.

In Japan, Prime Minister Sanae Takaichi is facing increasing pressure as the yen and government bonds continue to weaken ahead of her meeting with Bank of Japan Governor Kazuo Ueda. She is being urged to soften her stance on the central bank's policies and to announce an economic plan that includes credible financing options. The yen fell to 155.38 yen against the US dollar on Tuesday, hitting a new low since January. Market speculations suggest that the Bank of Japan may delay raising interest rates as Takaichi plans to implement a spending plan that exceeds expectations. On Monday, Japan's 20-year government bond yields rose to their highest levels since 1999, mainly due to concerns that the economic stimulus package would further worsen Japan's debt burden. Takaichi is scheduled to meet Ueda at the Prime Minister's official residence in Tokyo at 3:30 pm. Any remarks made by the two after the meeting will be closely watched by analysts to predict the timing of the next interest rate hike, with most predicting it will not be later than January.