Japan’s Motegi: Economy has sound fundamentals

Japanese Economy Minister Motegi crossed the wires earlier today, responding to some questions on the recent drop in stock prices.

When asked about the fall in Japanese stock prices, Motegi noted that the economy has sound fundamentals. This comes after the Japanese benchmark index, the Nikkei 225, fell 3% on Monday amid growing US recession fears.

At the press time, the Nikkei 225 index rebounds +1.80% to trade near 21,360 points.

Nikkei 225 Technical Levels