Japanese PM Takaichi reiterates that not considering further increase in consumption tax

Japanese PM Takaichi reiterates that not considering further increase in consumption tax.

Japanese PM Takaichi's reaffirmation against increasing the consumption tax suggests an intention to support domestic spending and economic stability. This move is likely aimed at mitigating inflationary pressures in the short term, which could have implications for commodities and metals demand given Japan's status as a significant consumer. Traders should consider the potential impact on the yen and broader market sentiment toward risk assets in light of this policy stance.