Coronavirus: G7 nations not considering further action, says Japan Finance Minister
Coronavirus impact: Aso told reporters after a cabinet meeting that he was closely monitoring the impact of the epidemic on Japan's inbound tourism and broader economic activity
- Mar 6, 2020,
- Updated Mar 6, 2020 10:51 AM IST
The Group of Seven advanced economies are not considering taking further action now, Japanese Finance Minister Taro Aso said on Friday as volatility remained high in global financial markets following this week's G7 call on the coronavirus outbreak.
Aso told reporters after a cabinet meeting that he was closely monitoring the impact of the epidemic on Japan's inbound tourism and broader economic activity, and Tokyo is ready to respond if needed. "As everyone is fretting, that is causing the stock market to swing rapidly," Aso said. "The stock market declined... and the yen rose today, but G7 is not thinking now of changing its response immediately."
Also read: Wall Street major indexes drop 3% over COVID-19 scare; banking, travel shares tumble
Also read: Coronavirus scare: COVID-19 infected man attended jam packed rock concert in New Zealand's Auckland
The Group of Seven advanced economies are not considering taking further action now, Japanese Finance Minister Taro Aso said on Friday as volatility remained high in global financial markets following this week's G7 call on the coronavirus outbreak.
Aso told reporters after a cabinet meeting that he was closely monitoring the impact of the epidemic on Japan's inbound tourism and broader economic activity, and Tokyo is ready to respond if needed. "As everyone is fretting, that is causing the stock market to swing rapidly," Aso said. "The stock market declined... and the yen rose today, but G7 is not thinking now of changing its response immediately."
Also read: Wall Street major indexes drop 3% over COVID-19 scare; banking, travel shares tumble
Also read: Coronavirus scare: COVID-19 infected man attended jam packed rock concert in New Zealand's Auckland