(Bloomberg) -- Japan’s government and central bank will conduct joint stress tests on MUFG Bank, Sumitomo Mitsui Banking Corp., Mizuho Bank, Sumitomo Mitsui Trust Holdings and Norinchukin Bank, Nikkei reported.
The tests will gauge the banks ability to absorb economic shocks as expansion abroad leaves them more vulnerable to external risks
Previously, Japan left the details of stress tests to individual banks
NOTE: Oct. 24, Japan Authorities Are Said to Team Up on Bank Stress Tests
To contact the reporter on this story: Molly Kissler in New York at mkissler@bloomberg.net
To contact the editor responsible for this story: Lauren Berry at lberry4@bloomberg.net
