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Japan’s monetary regulator has sounded out high home banks about China dangers and whether or not they have plans in place if Sino-Western tensions escalate, in keeping with a number of sources with direct data of the matter.
The Monetary Companies Company’s request, which has not been beforehand reported, is to make sure Japan’s mega-banks are serious about the dangers and are ready to reply if the geopolitical scenario worsens, together with over the problem of Taiwan’s political standing, mentioned three of the sources.
Japanese mega-banks Mitsubishi UFJ Monetary Group (MUFG), Sumitomo Mitsui Monetary Group (SMFG) and Mizuho Monetary Group have a mixed $6.5 trillion in property, in keeping with Refinitiv.
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