On February 3, Commerzbank's Volkmar Baur reported that the Japanese yen might weaken further if the ruling Liberal Democratic Party, led by Sanae Takaichi, secures a majority in the upcoming Sunday election. According to Jin10, Takaichi's decision to hold the election could prove beneficial, as polls indicate a potential landslide victory for her party. During her campaign, Takaichi highlighted the positive aspects of a weaker yen, although she later clarified that it was not a policy objective. However, Baur noted that her initial comments seem to have had a lasting impact on the exchange rate.