• Most Popular
  • Most Shared

BOJ's Nishimura: Global financial market tension rising

TOKYO
Mon Nov 17, 2008 5:11am EST

TOKYO (Reuters) - Bank of Japan Deputy Governor Kiyohiko Nishimura said on Monday that tension in global financial markets is mounting as counterparty risks remain intact despite efforts by global central banks and governments to fight off the financial crisis.

Crisis in Credit  |  Economy

"Due to strong awareness of counterparty risks in the dollar markets, the function of these markets is declining and Japan's financial market is also becoming unstable," Nishimura said at a seminar on Japanese and French financial markets.

(Reporting by Yasuhiko Seki and Sophie Hardach)
Crisis in Credit
Economy


More from Reuters

Photo

Senate on verge of passing healthcare bill

WASHINGTON (Reuters) - Senate Democrats cleared the last 60-vote hurdle on President Barack Obama's healthcare overhaul on Wednesday, virtually ensuring final passage of its version of the biggest health policy changes in four decades.

» More Top News
A thermometer shows the temperature soaring to a record high in Tokyo as an unprecedented heatwave hit the capital, with the mercury hitting an all-time high July 20, 2004. REUTERS/Toshiyuki Aizawa
Alexander Smith:

Catch the M&A fever

Ask an investment banker about mergers and acquisitions in 2010, and the optimism is infectious. But will the fever catch on?  Commentary 

Deals
A security guard walks past cars in a Geely Automobile Holdings Ltd. factory in a Shanghai suburb September 28, 2006.REUTERS/Aly Song
WEI GU:

China in auto power play

It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos.  Commentary | Video 

CHINA