Is the rise in long-term interest rates a "shock"? Takaichi administration's "robust policy" (original...

<The interest rate on 10-year government bonds has exceeded 2.80%, and the Nikkei has criticized it as a ``big-boned shock,'' but the path to growth investment and consumption tax cuts is now in sight.> On June 30th, the draft of the ``Basic Policy for Economic and Fiscal Management and Reform 2026'' (the so-called bold policy) was announced by the Takaichi administration, which won an overwhelming victory in February's House of Representatives election under the slogan of ``responsible and proactive public finance.'' After that, the interest rate on 10-year government bonds, which was around 2.67%, rose to around 2.80% in July, and closed at 2.83% on July 6th.