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- BoJ’s Ueda: Impact of recent US, EU bank failures on Japan's financial system likely limited
BoJ’s Ueda: Impact of recent US, EU bank failures on Japan's financial system likely limited
Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday, “the impact of recent US and European bank failures on Japan's financial system is likely limited.”
Additional quotes
Lessons to be learnt from recent banking sector woes likely to be discussed at future global meetings, including this week's G7 finance leaders' gathering.
Japan's financial institutions have sufficient capital buffers.
Our scheduled review won't have any pre-set idea in mind on specific monetary policy move.
If price target is met in sustainable, stable manner, boj will end ycc and then shrink its balance sheet.
Market reaction
At the time of writing, USD/JPY is trading modestly flat at around 135.15, as investors digest the above comments.
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