Japan’s top 3 banks boost foreign currency liquidity buffers to $1.25tn

MUFG, Sumitomo Mitsui and Mizuho anticipate sudden dollar demand amid Iran war Sumitomo Mitsui Banking Corp., Mizuho Bank and MUFG Bank are trying to prepare for a sudden surge in demand for dollar funding. (Source photos by Nikkei) TOKYO — Japan's top three banks are increasing liquidity buffers in foreign currencies to prepare for a sudden scramble for dollar funding by corporate clients as the U.S.-Iran conflict drags on.

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