Bank of Japan Governor Haruhiko Kuroda has stressed the need to closely work with other countries to address the impact of the new coronavirus outbreak on the global economy.
After a BOJ policymakers' meeting on Monday, Kuroda told reporters that they convened two days earlier than scheduled because of the need for swift measures that smoothen business operations and stabilize financial markets.
Japan's top government spokesperson says the current situation in the country does not require the declaration of a state of emergency.
Chief Cabinet Secretary Yoshihide Suga made the remark on Tuesday, after Cabinet ministers approved a bill that would enable the prime minister to declare a state of emergency over the new coronavirus if necessary.