Japan's Finance Minister: Algorithmic trading is one of many factors causing the market to plummet, not the sole reason

PANews reported on August 8th that Japan's Finance Minister, Suzuki Junichi, stated he is closely monitoring the volatile stock market dynamics but is not currently in a stage of taking actual action. He pointed out that algorithmic trading is one of many factors causing the market to plummet, not the sole reason. The stock market is influenced by economic conditions, foreign exchange, corporate activities and other various factors. Suzuki Junichi did not comment on remarks made by Deputy Governor Uchida of the Bank of Japan and emphasized that specific details of monetary policy are determined by the Bank of Japan.