BOJ says Japan’s banking system stable, resilient to risks

(Reuters) – Japan’s banking system remains stable as a whole and has sufficient buffers against risks, including the possibility the economy may take some time to recover from the scars of the coronavirus pandemic, the central bank said on Thursday.

“The Bank of Japan will strive to maintain financial system stability and smooth functioning of financial intermediation, while continuing to work closely with the government and overseas financial authorities,” the BOJ said in a semi-annual report on Japan’s banking system.

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