BOJ’s Suzuki says Japan banks could see spike in COVID-related credit costs By Reuters

G20 heads to stop short of denouncing protectionism in communique: Nikkei

TOKYO (Reuters) – Japanese financial institutions may see credit costs balloon to levels hit during the global financial crisis if a second and third wave of coronavirus infections hammer the economy, Bank of Japan board member Hitoshi Suzuki said on Thursday.
“As financial institutions actively support companies suffering from funding strains caused by the pandemic, part of the loans could go sour and saddle them with credit costs,” Suzuki said in a speech to business leaders in Asahikawa, northern Japan.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Source link