Finance
MUFG, Sumitomo Mitsui and Mizuho anticipate a sudden surge in dollar demand as the U.S.–Iran conflict persists.
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 three largest banks are expanding their foreign‑currency liquidity reserves to $1.25 trillion, positioning themselves to meet a potential sudden spike in dollar funding needs from corporate clients as the U.S.–Iran conflict continues.
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