Hayami - Financial system conditions remain severe

JAPAN - The condition of the Japanese financial system remains severe and the Bank of Japan will do its utmost to ensure financial stability, BOJ governor Masaru Hayami said Tuesday.

"I think the financial system continues to be severe. The problem of non-performing loans is a big issue for the financial system," Hayami said in parliamentary testimony.

Hayami said the BOJ will do its best to ensure the effects of the central bank's recent easing efforts permeate through the market. He also said

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