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Abe, Kuroda agree to closely monitor markets

Reuters

Bank of Japan Gov. Haruhiko Kuroda, center, speaks to the media after meeting with Prime Minister Shinzo Abe in Tokyo on Wednesday.

Jiji Press TOKYO (Jiji Press) — Prime Minister Shinzo Abe and Bank of Japan Gov. Haruhiko Kuroda agreed Wednesday that the government and the central bank will continue to monitor financial market developments closely together.

They met for about 30 minutes to exchange opinions on the global economies and financial markets, at a time when the yen has weakened and stock prices have risen on hopes for economic stimulus steps by the incoming administration of U.S. President-elect Donald Trump, who is set to take office on Jan. 20.

The Abe-Kuroda meeting was the first in about four months.

Kuroda told reporters after the meeting that he briefed Abe on “a wide range of issues regarding the U.S. and European economies, and the economies of emerging countries.”

“While the U.S. economy is steadily growing at the moment, various things are also happening in the country, such as rises in [long-term] interest rates,” he added.

Referring to the Abe-Kuroda meeting, Chief Cabinet Secretary Yoshihide Suga told a press conference that the government and the BOJ are joining forces in monitoring developments on financial markets.

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