Bank of Japan Gov. Haruhiko Kuroda pledged Monday that the central bank will make every effort to ensure stability in financial markets roiled by the coronavirus outbreak.
Issuing an emergency statement, Kuroda said the BOJ "will closely monitor future developments, and will strive to provide ample liquidity and ensure stability in financial markets through appropriate market operations and asset purchases."
The move comes amid expectations that the world's major central banks will prepare a joint assault on the recent volatility in financial markets, with the U.S. Federal Reserve issuing a similar statement last week signaling its willingness to cut interest rates to support the economy.