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Japan's Finance Minister: Algorithmic trading is one of many factors that led to the market crash, not the only reason

Japan's Finance Minister: Algorithmic trading is one of many factors that led to the market crash, not the only reason

CointimeCointime2024/08/08 03:03
By:Cointime

According to Jinshi's report, Japanese Finance Minister Taro Aso stated that he is closely monitoring the volatile stock market dynamics, but is currently not at the stage of taking actual action.He pointed out that algorithmic trading is one of the many factors that caused the market to plummet, not a single reason. The stock market is influenced by economic conditions, foreign exchange, corporate activities, and other factors. Taro Aso did not comment on the remarks made by Bank of Japan Deputy Governor Masayoshi Amamiya, and emphasized that the specific details of monetary policy are decided by the Bank of Japan.

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