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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.