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Story summary
- Finance Minister Satsuki Katayama said Prime Minister Sanae Takaichi is not a reflationist, calming investors.
- The Bank of Japan raised rates for the third time in under a year, with two Takaichi-appointed members voting against.
- Katayama said Japan stands ready to intervene in foreign-exchange markets to support the yen.
- Katayama noted Japan is weighing a defense target of 3.5% of GDP to address cyber and drone gaps.