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On August 5, the Nikkei average plummeted 4,451 points, exceeding the record decline after the U.S. stock market crash in 1987 (3,836 points), wiping out all gains in 2024.

In response to this, according to Japan's TBS TV station, Japanese Finance Minister Shunichi Suzuki responded on the 5th that he was paying close attention to the stock market. However, stock prices are determined by the market based on a variety of factors, and it is impossible to generalize the specific reasons for the decline.

On August 5, Shunichi Suzuki responded to inquiries about the stock market crash. TBS

"I am also very concerned about the decline in stock prices," Suzuki said. It is important for the government to make a decision calmly. He will then work with the Bank of Japan to closely monitor domestic and foreign market trends.

At the same time, Suzuki also said that he is paying close attention to the appreciation of the yen, which is one of the reasons for the Nikkei crash.

The U.S. employment statistics released on August 2 local time were lower than market expectations, and concerns about the deterioration of the U.S. economy have risen sharply. More people believe that the Federal Reserve will accelerate the pace of interest rate cuts, and the interest rate gap between Japan and the United States will narrow. The trend of selling dollars and buying yen has increased. In addition, on the 5th, the yen-dollar exchange rate in the Tokyo foreign exchange market once broke through 142 and reached the 141 range, and the yen appreciated to a high of about 7 months. The trend of "selling stocks and buying yen" is accelerating.

This article is an exclusive article of Observer.com and may not be reproduced without authorization.