Japan FinMin Suzuki: Japan's financial system is stable

Market news

9 May 2023

Japan FinMin Suzuki: Japan's financial system is stable

“Japan's financial system stable, said Japan’s Finance Minister (FinMin) Shunichi Suzuki said on early Tuesday.

Additional comments

To discuss any need to strengthen financial sector regulations at G7 in Niigata.

Environment surrounding global banking system is changing with emergence of SNS, internet.

Japan will take into account global debate on lessons learnt from US bank failures in mulling ways to enhance domestic bank regulation.

USD/JPY remains firmer

The news allows USD/JPY to extend the latest gains past 135.00, around 135.20 by the press time as it prints three-day uptrend. Adding strength to the Yen pair’s latest run-up could be the upbeat yields and softer Japan data.

Also read: USD/JPY Price Analysis: Gains momentum above 135.00 on dovish BoJ minutes

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