Japanese government and c.bank leaders to meet as Ukraine crisis rattles markets

Japan’s Deputy Finance Minister for International Affairs Masato Kanda poses for a photo during an interview with Reuters at the Finance Ministry in Tokyo, Japan January 31, 2022. REUTERS/Issei Kato

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TOKYO, Feb 28 (Reuters) – Japan’s government and central bank leaders will meet on Monday to discuss market developments in the first such meeting in about a year, as the financial fallout from the Russian invasion of Ukraine is gaining momentum.

Masato Kanda, deputy finance minister for international affairs who oversees Japan’s monetary policy, will meet his counterparts from the Bank of Japan and the Financial Services Agency at 11:00 a.m. (0200 GMT), the agencies said in a statement. .

Kanda will speak to reporters after attending the meeting, according to the statement.

The trilateral meeting is usually held during times of market stress to communicate policymakers’ views or concerns regarding equity or currency volatility. The last meeting took place in January last year.

The dollar and yen were in demand on Monday after Western countries imposed new sanctions on Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payment system. Read more

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Reporting by Leika Kihara; Editing by Chang-Ran Kim & Shri Navaratnam

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