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[Provisional Translation]

Prime Minister Shinzo Abe attended the second Emergency Government-Bank of Japan (BOJ) Meeting on Stabilizing Financial Markets at the Prime Minister’s Office.

During the meeting, analysis and exchange of information concerning the UK exit from the EU took place.

The Prime Minister said in his opening address,

“Following the result of the national referendum on the UK exit from the EU, since the end of last week the Government has held a ministerial meeting, emergency meetings with the BOJ, and a meeting of the Council on Economic and Fiscal Policy, taking all necessary economic and financial response measures.

With a lack of transparency and concerns over risk still persisting in markets, it is important that the G7 nations continue to cooperate in sending out a unified message about their strong commitment to work to stabilize markets.

The joint statement issued last weekend by G7 Finance Ministers and Central Bank Governors recognizes that excessive volatility and disorderly movements in exchange rates can have adverse implications for economic and financial stability, and states that the G7 nations and central banks will continue to consult closely on market movements and financial stability and cooperate as appropriate. Through this statement, I believe we have been able to give a sense of security to markets.

I would like Minister Aso to work with Governor Kuroda of the BOJ in continuing to pay close attention to financial and currency market movements, in accordance with their joint statement that was issued on the same day as the G7 statement.

Furthermore, I would like Minister Aso to cooperate closely through all channels with the other G7 nations and make the necessary economic and financial responses in a flexible manner.

The BOJ is already engaged in the supply of funds and I would like it to continue to support financial intermediary functions through the provision of ample funds to ensure that companies that require capital, including Japanese companies engaged in business in the UK, can continue to operate stably.

At the recent G7 Ise-Shima Summit, the exit of the UK from the EU was recognized by G7 leaders as one of the risks to global economic growth.

As the country holding the G7 Presidency, Japan will take the initiative in facing such risks in order to ensure a firm growth trajectory for the global economy, not just in the short term, but also in the medium to long term.

The Government is resolved to mobilize all measures comprehensively, starting with concerted efforts to ensure that this situation does not impact the real economy of Japan, above all the activities of small- and medium-sized enterprises.”