Japan bank lobby chief sees no signs of contagion from Credit Suisse woes

Kitco Media
By Reuters
Published:
Updated:
Reuters
TOKYO, March 16 (Reuters) - The head of Japan's banking lobby said on Thursday that there are no signs at the moment of the Japanese financial system being affected by a crisis of confidence in Credit Suisse , as the country's banks are well-capitalised. "Global banks have beefed up their risk controls over capital and liquidity" since the 2008 global financial crisis, Junichi Hanzawa, chairman of the Japanese Bankers Association, told reporters. "European banks generally have solid capital ratios, and so do Japanese banks," said Hanzawa, also the chief executive of MUFG Bank . (Reporting by Makiko Yamazaki; Editing by Edmund Klamann)

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