- Japanese officials from finance ministry, central bank and financial watchdog ready to respond to global banking industry turmoil.
- Coordination important during BOJ leadership transition.
- Concerns over fallout of financial sector turbulence that has hit Credit Suisse Group AG.
- Japanese bank index falls 11% this week, outpacing broader Asia ex-Japan financials gauge.
- Government wants to coordinate with BOJ and counterparts abroad to monitor economic financial markets.
Japan Finance Ministry, BOJ Ready to Respond on Bank Sector Woes
Senior Japanese officials from the finance ministry, central bank and financial watchdog said they are ready to respond if needed in the wake of recent turmoil in the global banking industry.
Yoshiaki Nohara
