Bank of Japan Deputy Governor Hirohide Yamaguchi urged Japanese banks to speed up their efforts towards increasing their capital in order to make them less vulnerable to economic shocks.
Speaking at a financial forum in Tokyo on Wednesday, he said it was appropriate for commercial banks to try to increase their capital, adding that this could lead to better stability for the nation's financial system.
Furthermore, Yamaguchi said that the global economy was still fragile and that the economy and financial markets were only halfway through a recovery from the financial crisis.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.