Japan PM vows focus on economy amid market volatility

Japanese Prime Minister Sanae Takaichi stated that the government is closely monitoring market developments following the US mid-term elections. She noted that share prices in AI and chip sectors are falling sharply. The administration will prioritize strengthening competitive domestic industries.

FILE PHOTO: Japan's Prime Minister Sanae Takaichi attends a joint press announcement with German Chancellor Friedrich Merz at the Prime Minister's Office in Tokyo, Japan October 28, 2026. RIE KIKUCHI/Pool via REUTERS/File Photo

Japan Prime Minister Sanae Takaichi said the government is monitoring market volatility closely following elections in the United States on Friday morning. Global equities, particularly artificial intelligence and semiconductor shares, fell sharply during the session. Takaichi told parliament that authorities will prioritize economic growth by strengthening domestic industrial advantages.