Japan’s Top Diplomat Kanda: G7 Finance Ministers will hold meeting on Tuesday
|“Excluding Russian banks from SWIFT shows determination to cause maximum impact vs. Russia,” a top diplomat from the Japanese Finance Minister, Masato Kanda, said on Monday.
Additional quotes
Market stability is extremely important.
Carefully watching market moves.
Will coordinate with G7, global community to respond as appropriate.
Government, BOJ will work as one as needed.
Separately, Japan’s Chief Cabinet Secretary Hirokazu Matsuno said, “SWIFT sanctions are arranged to incur maximum costs to Russia while watching effects on financial markets.”
Matsuno said that he “was asked to join in blocking Russia from SWIFT by western countries, currently working with them to make swift measures effective.”
“Will cooperate with international society including G7,” Matsuno said while declining to comment on details when asked about sanctions on Russian central bank.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.