周二，日本10年期政府债券收益率在节后交易中跌至1.67%左右，从17年来的高点回落，因为不断上升的政治不确定性刺激了对避险资产的需求。周五，日本公明党宣布退出由自民党领导的执政联盟，加深了人们对高一政策议程的怀疑，并使她成为首相的道路变得更加复杂。与此同时，日本财务大臣加藤胜信表示，日本目前的形势不同于安倍经济学时代的激进刺激政策，并指出通货膨胀而非通货紧缩现在是主要问题。加藤还警告不要片面和快速的汇率变动，强调汇率应保持稳定，反映经济基本面。

Japan’s 10-year government bond yield slipped to around 1.67% in post-holiday trade on Tuesday, easing from over 17-year highs as rising political uncertainty spurred demand for safe-haven assets. On Friday, Japan’s Komeito party announced its withdrawal from the ruling coalition led by the Liberal Democratic Party, deepening doubts over Sanae Takaichi’s policy agenda and complicating her path to the premiership. Meanwhile, Finance Minister Katsunobu Kato said Japan’s current situation differs from the Abenomics era of aggressive stimulus, noting that inflation, rather than deflation, is now the main concern. Kato also cautioned against one-sided and rapid currency moves, stressing that exchange rates should remain stable and reflect economic fundamentals.

周二，日元兑美元汇率跌至152.3左右，延续了前一交易日的跌幅，因为日益加剧的政治不确定性抑制了投资者情绪。周五，日本公明党宣布退出由自民党领导的执政联盟，加深了人们对高一政策议程的怀疑，并使她成为首相的道路变得更加复杂。与此同时，日本财务大臣加藤胜信表示，日本目前的形势不同于安倍经济学时代的扩张性政策，并指出通货膨胀而非通货紧缩现在是主要问题。他还警告不要片面和快速的货币波动，强调汇率应反映经济基本面。从外部来看，随着美中贸易紧张局势的缓解，日元面临美元走强的额外压力，唐纳德·特朗普总统和Xi总统预计将于本月晚些时候会晤。

The Japanese yen fell to around 152.3 per dollar on Tuesday, extending losses from the previous session as mounting political uncertainty dampened investor sentiment. On Friday, Japan’s Komeito party announced its withdrawal from the ruling coalition led by the Liberal Democratic Party, deepening doubts over Sanae Takaichi’s policy agenda and complicating her path to the premiership. Meanwhile, Finance Minister Katsunobu Kato said Japan’s current situation differs from the Abenomics era of expansionary policy, noting that inflation, rather than deflation, is now the main concern. He also warned against one-sided and rapid currency movements, emphasizing that exchange rates should reflect economic fundamentals. Externally, the yen faced additional pressure from a stronger dollar amid easing US-China trade tensions, with Presidents Donald Trump and Xi Jinping expected to meet later this month.

日本财务大臣呼吁制定适应通胀时代的经济战略。日本财务大臣加藤胜信周二表示，日本需要制定一项新的经济战略，以适应当前的经济形势，即通货膨胀而非通货紧缩已成为主要问题。

Japan finance minister calls for economic strategies that fit inflation era.Japan needs to come up with a new economic strategy that suits the current economic situation where inflation, rather than deflation, has become a major concern, Finance Minister Katsunobu Kato said on Tuesday.

日本加藤：最近看到单方面、快速的行动。日本加藤：最近看到单方面、快速的行动

Japan's Kato: Recently seeing one-sided, rapid moves.Japan's Kato: Recently seeing one-sided, rapid moves