Latest News

Japan govt, central bank executives meets as Ukraine crisis jolts markets

© Reuters. FILE PHOTO: Japan’s vice minister of finance for international affairs, Masato Kanda, poses for a photograph during an interview with Reuters at the Finance Ministry in Tokyo, Japan January 31, 2022. REUTERS/Issei Kato

TOKYO (Reuters) – Japan’s government and central bank executives will meet on Monday to discuss market developments in the first such gathering in roughly a year, as the financial fallout from Russia’s invasion of Ukraine broadens.

Masato Kanda, vice finance minister for international affairs who oversees Japan’s currency policy, will meet his counterparts at the Bank of Japan and the Financial Services Agency at 11 a.m. (0200 GMT), the agencies said in a statement.

Kanda will speak to reporters after attending the meeting, the statement said.

The trilateral meeting is typically held in times of market stress to communicate policymakers’ views or concern over stock or exchange-rate volatility. The meeting was last held in January last year.

The safe-haven dollar and yen were in demand on Monday after Western nations imposed fresh sanctions on Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payments system.

Japan govt, central bank executives to meet as Ukraine crisis jolts markets

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News