Japan, BOJ pledge to help watch financial markets

The Japanese government and Bank of Japan officials have affirmed that they will work together to watch the country's financial system from global market turmoil.

Financial markets came under stress on Friday after the collapse of Silicon Valley Bank and concerns over the health of Credit Suisse, according to the Finance Ministry, Financial Services Agency and BOJ officials.

After the meeting, Masato Kanda, vice finance minister for international affairs, told reporters that they 'll be watching the Japanese economy with a strong sense of caution, while working closely with authorities in other countries.

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