2024-08-07 06:17:41
(ANSA) – ROME, AUGUST 7 – The Tokyo government and the Bank of Japan (BoJ) are trying to reassure investors and reiterate that they will continue to monitor market developments, examining the evolutions of recent days. This was stated by Atsushi Mimura, vice minister of Finance for international affairs, explaining that the executive and the central institute have agreed to do “everything possible” to correctly manage the economic and fiscal situation, in the face of strong fluctuations in stock and currency markets that have occurred recently. Mimura, who took office only recently, told local media that exchange rates should reflect economic fundamentals and move steadily. During the meeting between officials from the Ministry of Finance, the BoJ and the Financial Services Agency, the first of its kind since last March, when the sharp fall in the yen had caused concern, the representatives shared views on market movements, particularly on stock prices. Mimura did not elaborate on the causes of the recent market volatility, but said traders cited fears of a slowing U.S. economy and rising tensions in the Middle East as factors in the sharp correction. According to Mimura, the government and the BoJ confirmed that the Japanese economy continues to recover, citing “positive” developments such as recent wage increases and capital expenditure by Japanese companies. (ANSA).
2024-08-07 06:17:41