Economics
Japan Officials Strive to Restore Calm After Market Whipsaws
- Officials from the Prime Minister to the currency chief speak
- Ueda summoned to parliament for questions this week or next
This article is for subscribers only.
Japan’s government and central bank sought to show a united front and restore calm to financial markets, after the biggest stocks plunge in more than three decades triggered criticism of monetary policy tightening and cast a shadow over efforts to get households to invest their assets.
“It’s important to make calm judgments in a situation like this,” Prime Minister Fumio Kishida told reporters during a visit Tuesday to Hiroshima. “I want to continue to watch the situation with a sense of urgency while closely cooperating with the Bank of Japan.”