Japanese banks hit harder than Chinese in SVB collapse.
TL;DR Summary
Japanese banks have been hit harder than Chinese banks by recent market turbulence due to their focus on buying bonds rather than making loans. Japan's three leading lenders lost over $20bn in market value last week, while China's big four state-owned banks gained over $30bn in Hong Kong and Shanghai trading.
- SVB collapse hits Japanese banks harder than Chinese ones Nikkei Asia
- Safe-haven yen regains footing as caution builds over bank contagion Reuters
- No stress evident here: Bank of Japan says it has had no bids for USD funding operation ForexLive
- USD/JPY Weakens as Investors Seek Safe-Haven Assets Amid Financial Crisis Fears FX Empire
- Japan says banking system stable, plays down risk of contagion Reuters
- View Full Coverage on Google News
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