Japan's Chief Cabinet Secretary Yoshimasa Hayashi stated that Tokyo is watching domestic and overseas market changes with a "sense of urgency" but did not provide comments on daily share moves in the wake of Nikkei slumping 3.50% on Wednesday.
Hayashi said the government will dedicate itself to "fiscal and economic policy management" and cooperate closely with the Bank of Japan (BOJ). The secretary also underlined the importance of calmly assessing market moves.
Markets across the Asia-Pacific region declined sharply following a turbulent day of trading on Wall Street, amid renewed fears of a recession looming.
