Japan Switches to Centralized Stress Tests on Five Banks: Nikkei

(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

©2019 Bloomberg L.P.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.