Japanese Finance Minister: Algorithmic trading is one of the multiple factors that led to the market's sharp decline, not a single reason

ChainCatcher news, according to Jinshi reports, Japan's Finance Minister Shunichi Suzuki stated that they are closely monitoring the volatile stock market dynamics, but are not currently at the stage of taking actual action.

He pointed out that algorithmic trading is one of the multiple factors leading to the market's sharp decline, and not the sole reason. The stock market is influenced by economic conditions, foreign exchange, corporate activities, and various other factors. Shunichi Suzuki refrained from commenting on the remarks made by Bank of Japan Deputy Governor Uchida and emphasized that the specific details of monetary policy are determined by the Bank of Japan.