Japanese government and BOJ officials discuss financial market volatility #JapanFinance

Japanese government and central bank officials have held an extraordinary meeting on the sharp fluctuations in financial markets triggered by the increase in US tariffs.

Vice Minister of Finance for International Affairs Mimura Atsushi, Financial Services Agency Commissioner Ito Hideki and the Bank of Japan’s Executive Director Nakamura Koji took part in the discussions on Wednesday.

The Trump tariffs have created growing uncertainty about the prospects for the Japanese economy, and triggered plunges in stock markets across the world.

The officials agreed they will keep closely monitoring what impact the tariffs have on Japan’s economy and its financial markets, and they will do their utmost to help stabilize the global financial markets and financial systems.

They also agreed to take measures to offer financial help for businesses hit by the tariffs. They will take steps to help stabilize the global financial markets and financial systems.

After the meeting, Vice Minister of Finance for International Affairs Mimura Atsushi said the government will keep a close watch on how the tariffs affect Japan’s economy, markets and industries.

He also said the government will work out a program to provide financial and other help for businesses to ensure they stay afloat and keep jobs.

Stock markets worldwide have been volatile amid concerns that rising trade friction between the US and China could lead to slower global economic growth.

In Tokyo, the benchmark Nikkei index logged its third-largest single-day drop on Monday. But it rebounded on Tuesday, marking its fourth-biggest gain.

However, the Nikkei took a nosedive again following the start of the US reciprocal tariffs. The index ended Wednesday down more than 1,200 points.