[Daiwa Securities: Sanae Takaichi May Resist Rate Hikes, Yen Likely to Remain Under Pressure] According to a report by Jinse Finance on May 18, strategists at Daiwa Securities stated that the Japanese Prime Minister Sanae Takaichi may hold a resistant attitude toward monetary policy tightening, making it likely that the yen will continue to face pressure. The strategists noted: 'The Takaichi administration's policy stance of prioritizing fiscal expansion to address rising prices is putting pressure on the bond and currency markets, leading to a steeper yield curve and further depreciation of the yen.' They added that if businesses pass on higher costs while the Bank of Japan delays rate hikes, this could further suppress real interest rates, exacerbating the yen's weakness.