BoJ’s Ueda: No big problem in Japan's banking system

Dhwani Mehta FXStreet

Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday, “there is no big problem in Japan's banking system.”

Additional quotes

Financial market, financial system stable for now.

Hope to communicate with G7 counterparts on global financial system situation.

US debt ceiling woe may be discussed at G7 if any country raises it at meetings.

Japan will be watching impact of US debt ceiling outcome.

US debt ceiling talks are something us needs to deal with but G7 must stand ready to debate, analyse impact as needed.

I believe US authorities are doing their best to resolve debt ceiling problem.

Things seem to be under control, when asked about lingering worries over US banking system.

Market reaction

At the time of writing, USD/JPY is trading 0.12% higher at around 134.50, benefitting from the renewed strength in the US Dollar

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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