Japan to Partner with G7, IMF Amid Tariff-Induced Market Instability
Mimura emphasized the importance of international collaboration to prevent further instability. His comments followed a meeting with executives from Japans Ministry of Finance, the Financial Services Agency, and the Bank of Japan (BOJ).
Mimura described Japans response as urgent, highlighting discussions through bilateral and international channels, including the G7 and Asian countries. He noted that the Japanese government had been alarmed by recent foreign exchange volatility, particularly driven by speculators.
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The trilateral meeting, which is often convened during times of market turbulence, is a signal that authorities are prepared to take action to mitigate the situation. The last similar meeting took place in August of the previous year during a global stock market plunge.
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Text source: Coindoo
