Coronavirus: G-7 deputy finance ministers hold conference call on virus impact

A sign that reads: "Coronavirus. Let's stop it together" in Milan. G-7 deputies held a telephone call on March 12, sharing the importance of cooperating in response to the global fallout from the coronavirus outbreak.
A sign that reads: "Coronavirus. Let's stop it together" in Milan. G-7 deputies held a telephone call on March 12, sharing the importance of cooperating in response to the global fallout from the coronavirus outbreak.PHOTO: REUTERS

TOKYO (REUTERS) - Group of Seven (G-7) deputy finance ministers held a telephone call on Thursday evening (March 12) and shared the importance of cooperating in response to the global fallout from the coronavirus outbreak, the Japanese finance ministry's top financial diplomat said on Friday.

The deputy ministers shared steps each country is taking, said Mr Yoshiki Takeuchi, Japan's vice-finance minister for international affairs.

Bank of Japan and government officials on Friday reaffirmed the need to work together if needed while closely monitoring the economic and financial market impact of the spreading virus impact.

Mr Takeuchi spoke to reporters after a meeting between officials from the government and the central bank, which he said was held to exchange views on "nervous moves" in financial markets, which plunged this week.