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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