TOKYO Jiji Press Officials from the Bank of Japan and the government have stated on Friday that they will work together to watch the country's financial system from global market turmoil.
Financial markets have been under stress globally because of the collapse of Silicon Valley Bank and concerns over the health of Credit Suisse, as a result of the meeting between the Finance Ministry, the Financial Services Agency and the BOJ.
Masato Kanda, vice finance minister for international affairs, told reporters after the meeting that they would closely watch the Japanese economy's impact with a strong sense of caution, while working closely with authorities in other countries.
When financial markets are under pressure, officials from the three agencies meet. Such a three-way meeting took place in September last year in response to the yen's rapid weakening.
Among the participants to Friday s meeting were FSA Commissioner Junichi Nakajima and BOJ Executive Director Shinichi Uchida.