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By bno – Tokyo Japan’s yen has taken a significant hit, plunging to 147.15 against the US dollar, following dovish comments from Prime Minister Shigeru Ishiba regarding interest rates. In a stark shift from his recent campaign rhetoric, Ishiba stated, “I do not believe that we are in an environment that would require us to raise interest rates further,” after meeting with Bank of Japan Governor Kazuo Ueda. This marked the yen’s largest single-day decline since June 2022, raising concerns among market analysts about the future trajectory of monetary policy, as reported by CNBC. Ishiba’s remarks…

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