Japan’s Suzuki: Closely watching how SVB case may impact Japan's economy, financial conditions

Japanese Finance Minister Shunichi Suzuki said on Tuesday that they are “closely watching how the Silicon Valley Bank (SVB) case may impact Japan's economy and financial conditions.”

Additional comments

Underlying financial markets show risk aversion

Striving to gather information on Silicon Valley Bank as not in a position to grasp individual US banks' financial conditions.

Japan's financial system remains stable as a whole.

No comment on any impact on BoJ policy.

Don't expect big financial fallout from SVB failure on Japan's economy, financial system.

Nothing decided yet on Japan-South Korea financial cooperation.