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Japan banking regulator says sees no big impact from BOJ shift for now

Kurita is the new head of the FSA and he mentions that:"With long-term interest rates staying around 0.6%, I don't think it will have much of an impact on Japanese banks. Unless rates surge in a short period of time in Japan the way they did in the US, I believe the banks can handle the situation."I think the level that he is highlighting is a bit telling in where the BOJ is planning to allow 10-year JGB yields to linger for now. As we have seen so far this week, the threshold seems to be around... Read More

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Posted: Aug 4 2023, 09:33

Author Name: forexlive

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