Japan's Takaichi backs $2.3tn growth drive despite market unease

Japanese Prime Minister Sanae Takaichi speaks during a news conference at the prime minister’s office in Tokyo on July 27. (Photo by Takashi Miyazaki)SHOTARO TANIJuly 27, 2026 21:14 JSTTOKYO -- Japanese Prime Minister Sanae Takaichi has defended her 370 trillion yen ($2.3 trillion) growth drive against mounting market concerns, insisting it will strengthen the economy rather than unleash unchecked spending.

TOKYO -- Japanese Prime Minister Sanae Takaichi has defended her 370 trillion yen ($2.3 trillion) growth drive against mounting market concerns, insisting it will strengthen the economy rather than unleash unchecked spending. TOKYO -- Japanese Prime Minister Sanae Takaichi has defended her 370 trillion yen ($2.

3 trillion) growth drive against mounting market concerns, insisting it will strengthen the economy rather than unleash unchecked spending. Read NextPoliticsJapan PM Takaichi's approval rating sinks 10 points to 58% in Nikkei pollTrading AsiaBOJ early rate rise bets increase as yen reaches multidecade lowCurrenciesYen nears 164 and yields rise as oil prices hit $100 per barrelEconomyEconomists skeptical Japan can grow its way out of debt: Nikkei surveyOpinionJapan, China need an economic hotline as well as a defense oneCurrenciesYen falls to 39-year low of 163 per dollar on Iran tensions, Takaichi planLatest on PoliticsPoliticsBank Indonesia chief quits as political pressure mounts: 5 things to knowPoliticsSupport for female emperors in Japan hits 84% in Nikkei pollPoliticsBank Indonesia governor resigns for 'personal reasons' Read Next Read Next PoliticsJapan PM Takaichi's approval rating sinks 10 points to 58% in Nikkei pollTrading AsiaBOJ early rate rise bets increase as yen reaches multidecade lowCurrenciesYen nears 164 and yields rise as oil prices hit $100 per barrelEconomyEconomists skeptical Japan can grow its way out of debt: Nikkei surveyOpinionJapan, China need an economic hotline as well as a defense oneCurrenciesYen falls to 39-year low of 163 per dollar on Iran tensions, Takaichi plan PoliticsJapan PM Takaichi's approval rating sinks 10 points to 58% in Nikkei poll PoliticsJapan PM Takaichi's approval rating sinks 10 points to 58% in Nikkei poll Trading AsiaBOJ early rate rise bets increase as yen reaches multidecade low CurrenciesYen nears 164 and yields rise as oil prices hit $100 per barrel EconomyEconomists skeptical Japan can grow its way out of debt: Nikkei survey OpinionJapan, China need an economic hotline as well as a defense one CurrenciesYen falls to 39-year low of 163 per dollar on Iran tensions, Takaichi plan Latest on Politics Latest on Politics PoliticsBank Indonesia chief quits as political pressure mounts: 5 things to knowPoliticsSupport for female emperors in Japan hits 84% in Nikkei pollPoliticsBank Indonesia governor resigns for 'personal reasons' PoliticsBank Indonesia chief quits as political pressure mounts: 5 things to know PoliticsSupport for female emperors in Japan hits 84% in Nikkei poll PoliticsBank Indonesia governor resigns for 'personal reasons' Sponsored Content Sponsored Content