Japan will monitor and analyze the movement of financial markets, said the Ministry of Finance By Reuters

TOKYO (Reuters) – The Japanese government will continue to monitor and analyze financial market movements and cooperate closely with relevant authorities including the Bank of Japan, Finance Minister Shunichi Suzuki said on Tuesday.

Speaking at a meeting with regional finance bureau chiefs, Suzuki said Japan “will do its best to manage the economy and finances while cooperating with the Bank of Japan, and make decisions on the current situation peacefully.”

The stock index rose more than 8% early Tuesday in a rally after falling 12.4% in its worst sell-off since the 1987 Black Monday crash.

Suzuki also said there are signs of improvement in the Japanese economy in terms of wages and investment, citing the first increase in inflation-adjusted real wages in more than two years in June.

“It is important that we look for strong economic growth while responding to the changes in front of us,” he said.