Ishiba's remarks that "it is not an environment to raise interest rates" led to the yen-dollar exchange rate of 2.7 yen ↑

The yen-dollar exchange rate rose by 2.7 yen in one day as the yen continued to weaken after Japanese Prime Minister Shigeru Ishiba said it was not an environment to raise interest rates.

The yen-dollar exchange rate hit 146.8 yen at around 9:30 a.m. today.

Earlier, after meeting with Bank of Japan Governor Kazuo Ueda for the first time since taking office yesterday, Prime Minister Ishiba told reporters that he personally did not think he was in an environment to raise interest rates further.

The exchange rate, which was around 144.1 yen before Prime Minister Ishiba's remarks, has continued to rise since then.

The Nihon Keizai Shimbun pointed out that the exchange rate fluctuated after it was reported that Prime Minister Ishiba, who was considered positive for normalizing financial policy, made remarks to the effect that he should be cautious about raising interest rates.

In his first press conference since taking office on the 1st, Prime Minister Ishiba said he expected the basic stance of monetary easing to be maintained and that he hoped there would be no sharp rate hikes under the new regime.