Japan to ensure close coordination with BOJ amid market rout
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Japan’s government will closely coordinate with the Bank of Japan to ensure an appropriate response to recent market volatility caused by concerns about U.S. and European banks, a senior Finance Ministry official said Friday.
After a meeting between Finance Ministry officials, the central bank and the Financial Services Agency, Masato Kanda, vice finance minister for international affairs, said the Japanese banking system is “stable as a whole.”
“Keeping in mind that there are various risks, the government will coordinate closely with the BOJ and the authorities of other nations to monitor eco...