Decisive Action Urged for Japan's Market Volatility

Yuichiro Tamaki, leader of the opposition Democratic Party for the People, calls for decisive measures against Japan's market volatility. Suggested actions include buying back government bonds or reducing the issuance of long-term notes. The DPP, influential in parliament, holds a decisive vote on key economic policies.

Amid heightened market volatility in Japan, Yuichiro Tamaki, head of the Democratic Party for the People, advocates for decisive measures to stabilize the economy. Speaking to Reuters, Tamaki emphasized the need for action against excessive market movements.

He proposed strategies including the buyback of government bonds and reduction in issuance of 40-year notes to convey a robust message to the markets. Tamaki highlighted the unusual flux seen recently in Japanese government bonds.

Although smaller in size, the DPP remains a significant force in parliament, holding a crucial vote in passing key legislative initiatives and influencing the ruling coalition's economic policies.

(With inputs from agencies.)