Calm judgment is important, closely monitoring market trends in cooperation with the Bank of Japan = stock prices plummeted due to a sharp drop in stock prices

August 5, 2024 5:30 PM GMT+9

On the evening of the 5th, Finance Minister Suzuki Shunichi stated that “it is important for the government to make a calm judgment” regarding the fact that the Nikkei Stock Average had the biggest decline in history on the same day, and then said, “I would like to keep a close eye on internal and external economy/financial market trends etc. with a sense of tension while cooperating with the Bank of Japan, and take all possible measures for future economic and financial management.” I responded to coverage by the press corps within the Ministry of Finance.
Finance Minister Suzuki stated that “of course, there is a strong interest” in the decline in stock prices. On top of that, he explained the causes of stock depreciation, “Generally, stock prices are determined in the market by investors judging internal and external economic conditions, corporate trends, etc., and it is difficult to unequivocally state the background, etc.”