Japan will monitor, analyse financial market moves, Finance Minister says By Reuters

TOKYO (Reuters) -The Japanese government will continue to monitor and analyse financial market moves and work closely with relevant authorities including the Bank of Japan, Finance Minister Shunichi Suzuki said on Tuesday.

Speaking at a meeting with regional finance bureau chiefs, Suzuki said Japan “will do its utmost to manage the economy and finance while cooperating with the Bank of Japan, and make judgements on the current situation calmly.”

The stock index soared more than 8% early on Tuesday in a relief rally after plummeting 12.4% in its worst sell-off since the 1987 Black Monday crash.

Suzuki also said bright aspects were emerging in Japan’s economy on wages and investment, citing the first rise in inflation-adjusted real wages in more than two years in June.

“It’s important to realise resilient economic growth while responding to changes in front of us,” he said.