TOKYO, February 12. /Corr. Alex Sarachev/. Japan hopes that the meeting of Ministers of Finance and heads of Central banks of G20 that will be held in Shanghai in late February, will be developed General measures in connection with the collapse of global stock markets. On Friday at a press conference said the Minister of Finance of Japan Taro ASO.
“At the end of this month will host a meeting of heads of financial departments and Central banks of the countries and regions of the G20. We look forward to continued work on coordination of joint actions in connection with the situation in the stock markets,” said ASO. In his words, “strong fluctuations in the market it is extremely undesirable”. “We will continue to monitor the situation and, if necessary, will take appropriate measures,” the Minister said, refusing to make any predictions about currency interventions in Japan.
He also said that investors in the world now refuse to take risks. “In the Japanese stock market now occur the same changes. However, if you look at the Japanese economy, it becomes clear that it is sturdy enough. Therefore, market sentiment is too pessimistic”, said ASO.
The drop in global stock markets continues from the beginning of January. In Japan during this time, the key index of the Tokyo stock exchange Nikkei fell by almost 20%.