The government and the Bank of Japan confirmed close cooperation and held a tripartite meeting in response to market turbulence

Updated 2024/8/6 16:40 JST
The reason for the stock decline, which is perfect for financial management, “cannot be categorically commented on”
It is important for the exchange rate to reflect fundamentals and move stably
The Bank of Japan, the Ministry of Finance, and the Financial Services Agency held an information exchange meeting (three-party meeting) related to international financial markets on the afternoon of the 6th. They discussed fluctuations in stock prices and exchange rates since last weekend, and agreed that the government and the Bank of Japan would cooperate to advance economic management. After the meeting, Treasurer Jun Mimura spoke to reporters within the Ministry of Finance.
　　Treasurer Mimura explained that the Japanese economy confirmed that the government and the Bank of Japan will determine trends in internal and external economic and financial markets and cooperate while closely communicating. On top of that, he stated, “I want to continue to take all possible measures for economic and financial management.”