Takaichi Unveils Growth Plan, Vows Debt Oversight

On Oct. 5, 2026, Japan's 30-year government bond yield hit a record 4.235% as Prime Minister Sanae Takaichi delivered a policy speech to an extraordinary Diet session. Japan's public debt is roughly twice its economy, the largest in the developed world. The Bank of Japan is raising interest rates and reducing bond purchases; the 10-year yield is near multi-decade highs and ministries seek record budget spending. Plans in focus include a five-year investment strategy by year-end and a two-year cut to the consumption tax on food starting next April; that tax proposal had triggered a bond selloff over the lack of revenue-replacement detail. Contested facts: none found. No left-rated coverage is in the record. Right-rated Independent Journal Review cast the address as a growth plan with debt oversight, stressing public investment to encourage private-sector spending, employment and higher household incomes. Center-rated headlines led on fiscal discipline and proactive fiscal policy. Revenue replacement for the tax cut and borrowing under higher yields remain unresolved.