Agency “Prime Minister” WroteHe announced that the Japanese government’s risk of having a negative impact on the country’s financial institutions, amid the bankruptcy of the American Silicon Valley Bank, is low. The agency cites Hirokazu Matsuno, Secretary General of the Japanese Cabinet.
“We are aware of Silicon Valley Bank’s filing for bankruptcy. Currently, Japanese financial institutions maintain their liquidity and capital base. “Therefore, as of today, this bankruptcy is unlikely to have a serious impact on the stability of the Japanese financial system,” Matsuno said at a news conference on Monday.
President of the United States Joe Biden Biden March 13 to talk RIA Novosti had previously reported, citing the White House press pool. The NYT points out that the problems faced by the Silicon Valley Bank may spread to some parts of the industry in the future. In this context, US Treasury Secretary Janet Yellen has publicly reassured investors about the stability of the American banking system. Previously, the Axios portal predicted a “catastrophic” crisis in the US banking system if the US government did not develop a plan to bail out Silicon Valley Bank depositors by tomorrow.