Japan’s Top Diplomat Kanda: G7 Finance Ministers will hold meeting on Tuesday

Dhwani Mehta FXStreet

“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.

USD/JPY Price Analysis: Retreats from monthly horizontal hurdle near 115.50

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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