BOJ’s Kuroda: Japan's financial system remains stable as a whole as banks have sufficient capital buffers

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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