Daily Journal masthead

Japan official says government ready to act if necessary to quell market volatility


TOKYO — A senior Japanese official says the government is prepared to "take appropriate measures," if necessary, to quell volatility in the financial markets.

Chief Cabinet Secretary Yoshihide Suga said Tuesday that Japan's economy remains "on track for a moderate recovery."

But he acknowledged that recent swings in share prices and foreign exchange markets have taken a toll.

Suga said Japan was coordinating on a daily basis with the central banks and economic ministers of other major economies.

On Tuesday, Japan's main share index, the Nikkei 225, sank 4 percent to 17,806.70 in a session that saw the benchmark swing between positive and negative territory. It fell 4.6 percent on Monday.

Share prices had surged in Japan over the past three years on strong monetary stimulus and a weakening in the yen.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)





Follow Daily Journal:

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.