Japan's central bank governor says economic fundamentals are solid despite market rout

  • Bank of Japan Governor Haruhiko Kuroda said on Tuesday the fundamentals behind stock prices remained solid.
  • He added that the Japanese, U.S. and European economies were in "very good shape."
Haruhiko Kuroda, governor of the Bank of Japan (BOJ)
Brent Lewin | Bloomberg | Getty Images
Haruhiko Kuroda, governor of the Bank of Japan (BOJ)

Bank of Japan Governor Haruhiko Kuroda said on Tuesday the fundamentals behind stock prices remained solid as the Japanese, U.S. and European economies were in "very good shape."

"The recovery (in these economies) is broadening across sectors and the outlook remains good as a trend," Kuroda told parliament, adding that the central bank was carefully watching financial market developments.