BOJ's Yamaguchi Urges Japanese Banks To Increase Capital

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Bank of Japan Deputy Governor Hirohide Yamaguchi urged Japanese banks to speed up their efforts towards increasing their capital in order to make them less vulnerable to economic shocks.

Speaking at a financial forum in Tokyo on Wednesday, he said it was appropriate for commercial banks to try to increase their capital, adding that this could lead to better stability for the nation's financial system.

Furthermore, Yamaguchi said that the global economy was still fragile and that the economy and financial markets were only halfway through a recovery from the financial crisis.

Wednesday, Bank of Japan Deputy Governor Hirohide Yamaguchi urged Japanese banks to speed up their efforts towards increasing their capital in order to make them less vulnerable to economic shocks. (Market News Provided by RTTNews)