3/20, 4:03 AM (Source: TeleTrader)
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Matsuno: Japan's financial system is stable

Japanese Chief Cabinet Secretary Hirokazu Matsuno echoed on Monday the government's assurances that Japan's financial system is stable amid persistent worries about the state of the worldwide banking system.

"Central banks swiftly ramped up efforts as risk-aversive moves seen in markets," Matsuno added. Bank of Japan was one of the central banks that took steps earlier in the day to enhance the provision of liquidity aimed at easing strains in global funding markets.

Baha Breaking News (BBN) / DJ