![Background and impact of successive bank failures in the United States[Details in Q&A]| NHK](https://www3.nhk.or.jp/news/html/20230313/K10014007091_2303132151_0313215136_01_02.jpg "Background and impact of successive bank failures in the United States[Details in Q&A]| NHK")
We requested Mr. Toshiyuki Suzuki, a former MUFG Bank economist who’s aware of American financial coverage, concerning the collapse of the US Silicon Valley Bank and Signature Bank.
Financial markets have been shaken early within the week after a collection of bankruptcies within the United States.
In the Tokyo stock market, promoting orders for financial institution shares elevated, and on the thirteenth, the Nikkei Stock Average plunged by greater than 500 yen at one level.
In addition, the dollar was bought within the Tokyo overseas alternate market, and the yen appreciated in opposition to the dollar at one level to the 133 yen stage in opposition to the dollar. Did.
The Financial Services Agency and the Bank of Japan imagine that the affect on the home monetary system is restricted at this level, however they are going to rigorously monitor the affect on monetary markets and the response of the US monetary authorities.
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