MNI BRIEF: BOJ Warns Banks To Watch Risks

Japan's financial institutions should monitor various risks, despite the nation's financial system largely maintaining stability, the Bank of Japan’s Financial System Report on warned on Wednesday.

“Since the beginning of April, financial markets at home and abroad have fluctuated significantly, while uncertainty has heighted regarding the formulation of trade and other economic polices in each jurisdiction, geopolitical risks, and developments in global financial markets,” the FSR said.

Japanese banks have sufficient capital and stable funding bases to withstand various stress events, such as those equivalent to the global financial crisis that caused a major correction in financial markets and the real economy, the FSR said.