Japanese Finance Minister Shunichi Suzuki said on Friday that Japan's financial system remains stable amid the recent global banking sector turmoil. He added that the government is "closely coordinating" with the Bank of Japan and other central banks.
Suzuki said Japanese financial institutions have an ample capital base and enough liquidity but that the government is "closely watching" the impact of the current crisis on Japan's financial system. Earlier, United States Treasury Secretary Janet Yellen said the US government took measures to protect the depositors of the Silicon Valley Bank and Signature Bank in order to avoid a bank run that would have "brought down" a number of banks.