Bank of Japan concerned about wrong-way risk on banks’ cross-holdings

tokyo-lights

The Bank of Japan is concerned about wrong-way risk on Japanese banks' cross-holdings which has left banks nursing balance sheet losses as Japanese stocks have suffered from the negative effects of the eurozone crisis, according to Atsushi Miyanoya, director-general at the Bank of Japan (BoJ).

Speaking at the Risk Japan conference in Tokyo last week, Miyanoya explained that major Japanese banks have cross-holdings of more than 10 trillion yen ($124 billion) in fellow domestic corporates - a situ

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: