Japanese banks’ leverage ratios keep rising as BoJ relief becomes permanent
Norinchukin reaps largest benefit on eve of Covid-19-era exemption being made permanent
A Covid-19-era Financial Services Agency (FSA) rule allowing Japanese banks to discount central bank deposits from their leverage ratio exposures is set to become permanent on March 31. The latest available figures show the aggregate benefit from the relief measure stood at ¥240.62 trillion ($1.59 trillion) at the end of December 2023, reducing exposures by a fifth across the country’s top-five
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