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Japan says it's ready to respond to market volatility during long holiday

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By Madiha ShakeelReuters

TOKYO: Vice Finance Minister Masatsugu Asakawa said on Friday that the Japanese authorities stood ready to respond to any excessive market volatility during the upcoming long Japanese holiday.

The authorities will remain vigilant toward rapid market swings and take steps as necessary, Asakawa, the vice finance minister for international affairs, told reporters after a meeting with his counterparts at the Bank of Japan and Financial Services Agency.

Japan is set for an unusually long 10-day holiday - from April 27 through May 6 - combining its annual Golden Week with extra days to celebrate the enthronement of a new emperor.

Copyright Reuters, 2019

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