Japanese stocks are showing resilience despite the ongoing plunge in U.S. share prices, key economic ministers in Prime Minister Junichiro Koizumi's Cabinet said Tuesday.
Finance Minister Masajuro Shiokawa said he thinks that although Japan's economy has suffered some impact from the plummeting U.S. stocks, he believes the nation's financial markets are holding up well.
"Considering the direct hit Japan is getting from U.S. problems, I think they are showing resilience," Shiokawa told a news conference. "Both the foreign-exchange rates and stocks are holding ground."