Russia and China have regularly dispatched forces to waters and airspace around Japanese territory.

Japanese government bonds and the yen have sold off in recent weeks on concern over Takaichi's expansionary fiscal policy

The spectre of coordinated yen buying by Tokyo and Washington has propped up Japan's currency, but history suggests the impact of an actual intervention could be limited, especially because Prime Minister Sanae Takaichi is basing her snap election campaign on expanded stimulus measures.

The move by Prime Minister Sanae Takaichi is an attempt to capitalize on her popularity to help her governing party regain ground after major losses in recent years.

Core inflation touched its lowest level since October 2024, and was in line with expectations

Investors in Japan are braced for more volatility in bonds, the risk of government intervention in the currency market and frequent swings in stock prices as campaigning kicks off on Tuesday for a snap election.

Japan’s Prime Minister Sanae Takaichi has dissolved the lower house of Parliament, paving the way for a Feb. 8 snap election

This includes 113 affected flights between Beijing and Osaka, as well as 13 flights between Shenzhen and Hokkaido.