Japan to Work Closely With G7 to Minimize Impact of Brexit on Markets

© AFP 2023 / STEPHANE DE SAKUTIN(L to R) Italian Prime Minister Matteo Renzi, German Chancellor Angela Merkel, US President Barack Obama, Japan's Prime Minister Shinzo Abe, French President Francois Hollande, Britain's Prime Minister David Cameron, Canadian Prime Minister Justin Trudeau and European Commission President Jean-Claude Juncker take part in a tree planting ceremony on the grounds at Ise-Jingu Shrine in the city of Ise in Mie prefecture, on May 26, 2016 on the first day of the G7 leaders summit
(L to R) Italian Prime Minister Matteo Renzi, German Chancellor Angela Merkel, US President Barack Obama, Japan's Prime Minister Shinzo Abe, French President Francois Hollande, Britain's Prime Minister David Cameron, Canadian Prime Minister Justin Trudeau and European Commission President Jean-Claude Juncker take part in a tree planting ceremony on the grounds at Ise-Jingu Shrine in the city of Ise in Mie prefecture, on May 26, 2016 on the first day of the G7 leaders summit - Sputnik International
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Japan will continue to work closely with the G7 states to minimize Brexit impact on global financial markets, Japanese Prime Minister Shinzo Abe said Tuesday.

TOKYO (Sputnik) — Japan will continue to work closely with the G7 states to minimize Brexit impact on global financial markets, Japanese Prime Minister Shinzo Abe said Tuesday.

Traders from ETX Capital work in central london on June 27, 2016 - Sputnik International
Nothing Special: UK’s Economy Likely Unaffected by Brexit in Long-Term

"It is important for the G-7 advanced countries to join forces and keep sending the message to the market that we will make utmost efforts to stabilize the financial market," Abe said at a meeting of the Council on Economic and Fiscal Policy as quoted by the Kyodo news agency.

According to the media, Abe urged the Japanese finance minister and the Bank of Japan head to closely follow the current trends on financial markets.

On Thursday, the United Kingdom held a referendum to determine whether or not the country should leave the European Union, with over 50 percent of the UK public voting in support of Brexit.

The Brexit decision sent global financial markets into frenzy, with the Dow Jones Industrial Average futures falling some 500 points, or about 3 percent on Friday and oil prices continuing to fall.

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