Abe urges central bank to pre-empt credit squeeze
Analysts say he aims to calm markets post-Brexit, but is also worried about Japanese banks' heavy lending abroad
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Tokyo
PRIME Minister Shinzo Abe on Wednesday urged Bank of Japan (BOJ) governor Haruhiko Kuroda to ensure that the central bank provides ample funds to financial markets to forestall a credit squeeze in the wake of last week's Brexit shock.
The move was seen partly as reflecting Mr Abe's desire to calm markets in the run-up to next month's election in the Upper House, but some analysts have detected an undercurrent of concern about the situation of Japanese banks operating overseas as well.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
