The Bank of Japan Governor has released a statement to try and calm investor worries amid the coronavirus outbreak. Haruhiko Kuroda said the bank will provide ample funds to stabilize markets.
The BOJ released the statement Monday after shares in Tokyo tumbled at the opening of the session.
The benchmark Nikkei stock index has reacted positively to the Bank Of Japan's statement -- suggesting Governor Haruhiko Kuroda's words have encouraged some investors.
The statement said the central bank will strive to provide ample liquidity and ensure stability in financial markets through appropriate operations and asset purchases.
Japan's Prime Minister Shinzo Abe says the government will quickly draw up legislation to prepare for a worst-case scenario involving the new coronavirus outbreak.
Abe spoke to an Upper House committee on Monday about the request he had made to shut down schools across Japan from Monday until the start of the spring break.
Bank of Japan Governor Haruhiko Kuroda has released a statement to try and bring calm to markets amid the outbreak of the coronavirus.
It says the central bank will strive to provide ample liquidity and ensure stability in financial markets through appropriate operations and asset purchases. It says the BOJ will closely monitor future developments.
A team of experts at Japan's health ministry say they found that most of the new coronavirus infections were spread in a closed environment where the air tends to be stagnant.
The experts say the spread of the new coronavirus can be contained by avoiding gatherings in small indoor spaces.
Japan's health ministry has compiled fresh guidelines on ways to stop the spread of the new coronavirus. They include giving local governments discretion to ask patients with mild symptoms to recover at home.
The Japanese government presented plans to deal with the coronavirus last month, but said that some policies would be changed if the number of patients increased significantly in certain regions.
Japan's health ministry plans to review its handling of coronavirus infections on the cruise ship Diamond Princess.
At a news conference on Sunday, health minister Katsunobu Kato said the ministry has collected necessary data and will choose an appropriate time for the review, while keeping a close watch on the outbreak in Japan.
The Japanese government is expected to carefully review arrangements with China for a planned visit by President Xi Jinping, including a possible postponement due to the coronavirus outbreak.
The Japanese government maintains that at this moment it doesn't expect any changes in the schedule.
The final group of people on the Diamond Princess cruise ship quarantined at Yokohama Port, near Tokyo, disembarked on Sunday.
Crew members who had tested negative for the new coronavirus began disembarking on Thursday.
University students in Japan who will graduate in March of next year have started job hunting.
While job fairs are being cancelled due to the outbreak of the new coronavirus, some companies are holding online briefing sessions.
Children in a Japanese city gathered on Sunday ahead of the urgent school closure requested by Prime Minister Shinzo Abe to contain the spread of the new coronavirus.
Bungo-Ono city in the southwestern Prefecture of Oita has decided to shut down elementary and junior high schools starting on Monday.
Thirteen crew members of a freighter are missing after the vessel collided with a fishing boat and sank off the northern Japanese prefecture of Aomori on Saturday.
Coast Guard officials say the 1,989-ton cargo vessel, "Guoxing-1 ," notified them that the ship was taking on water after a collision with a fishing boat.
Japan's Prime Minister Shinzo Abe has asked for understanding regarding the government's request to temporarily close schools around the country.
He made the remarks in a news conference on Saturday to explain his commitment to containing the spread of the new coronavirus.
Teachers in Japan are busy preparing for urgent school closures that the government requested across the nation to contain the spread of the new coronavirus.
At a primary school in Ayase City, near Tokyo, teachers are working over the weekend to prepare assignments for children to complete over the unexpected holidays.