Makoto Takashima, chairman of the National Banking Association, said at a press conference on the 17th that Russian government bonds are more likely to default due to economic sanctions in Europe and the United States. While he said there was no impact, he said he needed to pay attention to the impact on the real economy.
Among them, Chairman Takashima commented on the impact of the default of Russian government bonds, saying, "The size of Russian government bonds held by Japanese financial institutions is limited and will directly have a serious impact on Japan's financial system. I haven't seen it. "
On the other hand, he said, "the widespread impact of the real economy in the future needs to be paid close attention," he said, saying that a default would increase the risk of the entire deal to Russia.
Regarding the impact of the exclusion of some Russian banks from the international payment network called SWIFT, Chairman Takashima said, "Although there is no major confusion at this time, it takes longer than usual to settle funds between banks. There is a possibility that payment will not be possible in the end. Each bank is trying to consider appropriate good and bad measures, such as carefully explaining the situation to the customer and considering the remittance route. " Said.