Key facts
- Takaichi told parliament she was aware that AI and chip sector share prices were falling sharply.
- Takaichi said heightened volatility following US midterm elections was affecting economies across the globe.
- Takaichi said the government would focus on steps to create a strong economy, including strengthening competitive industries.
Japanese Prime Minister Sanae Takaichi told parliament on November 6 that the government was watching market developments carefully, Reuters reported. She said heightened volatility following US midterm elections was affecting economies across the globe.
"I am aware share prices, particularly those of AI and chip sectors, are falling sharply," Takaichi told parliament, according to Reuters.
She said the government would focus on steps to create a strong economy, such as by strengthening industries where Japan has a competitive advantage. The report did not give figures for the share price moves she described or name the companies involved.