Japanese CRA party official Okamoto says Japan must lay out its approach on fiscal policy more clearly to markets in a bid to combat a weak JPY; must address structural factors driving JPY declines

• BoJ is appropriately raising interest rates with an eye on consumer inflation, and wants to scrutinise developments. 

The statement from the Japanese CRA party official highlights the necessity for clearer communication from Japan regarding its fiscal policy to address the ongoing weakness of the JPY. This comes in conjunction with the BoJ's strategy of raising interest rates to combat inflation pressures, which indicates a more proactive stance that could influence future monetary policy decisions and market perceptions of the yen.