In the monetary outcomes of the three main monetary teams final fiscal 12 months, the ultimate revenue elevated at Sumitomo Mitsui and Mizuho because of the improve in demand for funds in Japan and abroad as financial actions normalized from the corona catastrophe, and Mitsubishi UFJ It was nearly the identical degree because the earlier 12 months, which was the best.
Regarding the impression of the sequence of financial institution failures within the United States on the enterprise of Japanese monetary establishments, the highest administration of three main monetary teams requested whether or not issues about financial institution administration within the United States would subside and the way to reply to the dangers which have surfaced this time. There was a sequence of remarks that it was essential to fastidiously take into account.
Of these, Jun Ota, President of Sumitomo Mitsui Financial Group, mentioned, “For the time being, the turmoil is calming down, and the impact on us is extremely limited. Going forward, we will look at how it will affect the macroeconomy and how it will affect overseas startup financing. We need to continue to carefully assess whether it will give or lead to further crises.”
Masahiro Kihara, president of Mizuho Financial Group, mentioned, “I’m very cautious about whether or not that is the tip. “The problem with regional banks is probably just the tip of the iceberg. U.S. interest rates have risen sharply over the past year, creating various strains.”
In the current sequence of financial institution failures within the United States, new dangers of the digital age have surfaced, such because the unfold of data via SNS and the instantaneous outflow of deposits.
Regarding this, Hironori Kamezawa, President of Mitsubishi UFJ Financial Group, mentioned, “The speed of the spread of SNS is different from the past. I think there will be various discussions about financial regulations and supervision in the future, but such risks are common. I need to confirm,” he mentioned.
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