Japan watches the failure of US banks but sees no imminent dangers

On Monday, the Japanese government said it was monitoring the development Bankruptcy of two American financial institutions He announced over the weekend and its impact on labeling, but he sees no imminent danger to the archipelago.

Consider that now There is little possibility that these bankruptcies will seriously affect the stability of the Japanese financial system since then Our institutions currently maintain an adequate liquidity and capital base.” Japanese government spokesman Hirokazu Matsuno said on Monday.

Matsuno responded as such when asked about the bankruptcies of financial institutions Silicon Valley Bank (SVB) and Signature Bank announced over the weekend, which they This Monday was also observed among investors on the Tokyo Stock Exchange.

Tokyo parquet opened low due to the impact of infection and decreased to 1.82% During the first tranche of trading before adjusting downward before the mid-session break, it came down by 1.56%.

Financial regulators in the United States have confirmed that they will take appropriate action to Ensure the protection of all insured deposits and refunds to customers.

Shareholders and some debt holders will not be protected by these measures, according to announcements from the Treasury Department, the Federal Reserve (Fed), and the Federal Deposit Insurance Corporation (FDIC).

“The Japanese government will be attentive to the development of the economy and financial markets inside and outside Japan, and the impact” of these bankruptciesMatsuno added.

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Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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