The benchmark Nikkei stock index has reacted positively to the Bank Of Japan's statement -- suggesting Governor Haruhiko Kuroda's words have encouraged some investors.
The statement said the central bank will strive to provide ample liquidity and ensure stability in financial markets through appropriate operations and asset purchases.
Japan's Prime Minister Shinzo Abe says the government will quickly draw up legislation to prepare for a worst-case scenario involving the new coronavirus outbreak.
Abe spoke to an Upper House committee on Monday about the request he had made to shut down schools across Japan from Monday until the start of the spring break.
Bank of Japan Governor Haruhiko Kuroda has released a statement to try and bring calm to markets amid the outbreak of the coronavirus.
It says the central bank will strive to provide ample liquidity and ensure stability in financial markets through appropriate operations and asset purchases. It says the BOJ will closely monitor future developments.
Japan's health ministry has compiled fresh guidelines on ways to stop the spread of the new coronavirus. They include giving local governments discretion to ask patients with mild symptoms to recover at home.
The Japanese government presented plans to deal with the coronavirus last month, but said that some policies would be changed if the number of patients increased significantly in certain regions.
Japan's health ministry plans to review its handling of coronavirus infections on the cruise ship Diamond Princess.
At a news conference on Sunday, health minister Katsunobu Kato said the ministry has collected necessary data and will choose an appropriate time for the review, while keeping a close watch on the outbreak in Japan.
Thirteen crew members of a freighter are missing after the vessel collided with a fishing boat and sank off the northern Japanese prefecture of Aomori on Saturday.
Coast Guard officials say the 1,989-ton cargo vessel, "Guoxing-1 ," notified them that the ship was taking on water after a collision with a fishing boat.
Teachers in Japan are busy preparing for urgent school closures that the government requested across the nation to contain the spread of the new coronavirus.
At a primary school in Ayase City, near Tokyo, teachers are working over the weekend to prepare assignments for children to complete over the unexpected holidays.