The Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Tuesday, Japan’s financial system remains stable as a whole as banks have sufficient capital buffers.
Additional comments
Global economy worsening sharply.
If pandemic takes longer than expected to contain, credit costs for japan banks could rise via the worsening of economy.
BOJ must be vigilant about risk of rising credit costs for Japan banks, will closely work with FSA.
Market reaction
The yen was little affected by the above remarks, as USD/JPY holds the lower ground on the 107 handle amid downbeat market mood.
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