Chief cabinet secretary out on the wires
- Japan won't be panicked by stock market moves
- authorities closely monitoring financial markets
- will co-operate with other G7 nations as needed
- BOJ thoroughly considered impact on financial markets when it adopted negative rates
- govt working with BOJ to end deflation
That G7 comment is the standout. Could be just hot air but worth keeping in mind.
Given the current global meltdown it would be understandable for G7 to be having a few conversations but, as I said yesterday about the BOJ checking rates, talk has little impact
apart from knee-jerk.
