Japan won't face incidents like SVB collapse - finmin Suzuki
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TOKYO, March 15 (Reuters) - Japan's banking sector won't face incidents similar to the collapse of U.S. lender Silicon Valley Bank due to differences in the structure of bank deposits, Finance Minister Shunichi Suzuki said on Wednesday.
"Japan's financial system is stable as a whole," as banks have sufficient capital buffers against risks, Suzuki, who is also the minister overseeing the banking sector, told parliament. (Reporting by Leika Kihara Editing by Shri Navaratnam)
