Acting President and Deputy Prime Minister and Minister of Strategy and Finance Choi Sang-mok ordere.. #JapanFinance

Acting President and Deputy Prime Minister and Minister of Strategy and Finance Choi Sang-mok ordered economic and financial chiefs to maintain a 24-hour inspection system as monetary policy decisions in major countries are scheduled next week. Recently, the financial and foreign exchange market pointed out that uncertainty is high.

Acting President Choi held a “macroeconomic and financial issues meeting” (F4 meeting) with Bank of Korea Governor Lee Chang-yong, Financial Services Commission Chairman Kim Byung-hwan, and Financial Supervisory Service Chairman Lee Bok-hyun on the morning of the 14th.

“The recent financial and foreign exchange markets are highly uncertain due to U.S. tariffs, counterparts’ responses, and concerns over the U.S. economic slowdown,” Choi said.

“Major countries’ monetary policy decisions, including the U.S. Fed’s Federal Open Market Committee and the Bank of Japan’s Financial Policy Decision Meeting, are scheduled next week,” Choi said. “Please maintain a 24-hour check system on global economic and financial market trends under close cooperation between related agencies.”

The Fed’s Federal Open Market Committee and Japan’s financial policy-making meeting will be held from the 18th to the 19th (local time).

The F4 meeting (Finance 4) is a place where the heads of financial and economic authorities gather together to check financial and foreign exchange market trends and discuss pending issues.

Earlier, acting Choi has been presiding over the meeting after announcing his position that “we will hold a meeting on macroeconomic and financial issues every week to check the market.”