TOKYO : Japanese policymakers on Tuesday played down the risk of the economy taking a hit from the collapse of U.S. lender Silicon Valley Bank, even as fears of a contagion hit financial stocks and sent domestic share prices tumbling.
"We're seeing some risk-aversive moves in the market. But Japan's financial system is stable," Suzuki said at a separate news conference. The market turbulence also comes ahead of a leadership transition at the Bank of Japan with all eyes on how soon the new governor, Kazuo Ueda, will dial back its massive stimulus once he takes office next month.
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