Regarding the bankrupt US "Silicon Valley Bank", the US Treasury Department and others issued a statement on the 12th saying that they "approved measures to complete the bankruptcy of Silicon Valley Bank in a way that protects all depositors." Did.
The statement said, "We will take decisive steps to strengthen public confidence in the banking system." It is said that it is the result of receiving and discussing with President Biden.
"Silicon Valley Bank" resumed operations from the 13th and said that it would respond to refunds of deposits, but nearly 90% of the deposit balance of approximately 156 billion dollars, or more than 21 trillion yen in Japanese yen, was not covered by protection, and customers The focus was on how much of the deposits would be refunded to businesses such as
This measure is an unusual measure to dispel concerns about the financial system, in the form of bailouts other than those subject to deposit protection.
Foreign exchange market Yen exchange rate rises
In the Oceania foreign exchange market at the beginning of the week, the yen exchange rate temporarily rose to the 133 yen level to the dollar.
This is because the US dollar has been sold and the yen has been bought due to a sense of caution that the impact of the bankruptcy of Silicon Valley Bank in the United States will spread.
However, after the US Treasury Department announced a statement that ``we have approved measures to complete the bankruptcy of Silicon Valley Bank in a way that protects all depositors,'' the dollar was bought back after that. I'm here.