Tax & Spend

Japan’s Leader Has Few Good Options on Yen Before Election

Sanae Takaichi

Photographer: David Mareuil/Anadolu Agency/Bloomberg

Japanese Prime Minister Sanae Takaichi kicks off her election campaign with an overriding goal: Get past the Feb. 8 vote without markets blowing up.

Figuring out how to do that as market pressure builds is causing headaches for her three-month-old government and the Bank of Japan, according to a Finance Ministry official familiar with the matter, who asked not to be identified discussing internal deliberations.