Taro Aso’s comments come after Mitsubishi UFJ Financial Group estimated a loss of around $270 million and Nomura Holdings Inc, Japan’s largest investment bank, warned of a possible $2 billion loss - both linked to the U.S. client.
“I don’t expect that the loss at Nomura and Mitsubishi will cause bigger problems such as that it would greatly undermine their financial health or it will make it difficult to perform their duties,” Aso told reporters after a cabinet meeting.
It’s fine BOJ will just buy it! It doesn’t matter if it’s shit or diamonds!
Archegos Capital Management may be front company of Alvin Jiang's insider trading operation.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: