TOKYO :Japan's Ministry of Finance (MOF), Financial Services Agency and Bank of Japan (BOJ) said their officials will meet on Friday afternoon to discuss financial markets, as a brewing banking crisis triggered volatile asset price moves.Global financial markets, including Japan's, went on a rollercoaster rid
TOKYO :Japan's Ministry of Finance , Financial Services Agency and Bank of Japan said their officials will meet on Friday afternoon to discuss financial markets, as a brewing banking crisis triggered volatile asset price moves.
The trilateral meeting is held usually in times of market turbulence, and used as a tool for policymakers to signal their alarm over volatile price moves. It was last held in September, when expectations of widening U.S. and Japanese interest rate differentials pushed the yen down sharply. Japan's benchmark Nikkei share average ended higher on Friday but still slid nearly 3 per cent for the week.
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