Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

19 February 2008

Japan does not expect serious impact on real economy




Japan does currently not expect a serious impact of the subprime crises on the Japanese financial system, said Yoshimi Watanabe, Minister for Financial Services. Although Japanese banks reported sharp declines in their profits, the total value of subprime mortgage-related products held by Japanese financial institutions are limited.

 

To strengthen the Competitiveness of Japan's Financial and Capital Markets the FSA put together a plan at the end of last year. “The FSA intends to implement the measures included in the plan steadily and with a sense of urgency”, Watanabe underlined.

 

Full policy statement



© Graham Bishop


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment