Finance
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 leading financial institutions are significantly expanding their foreign currency liquidity reserves as concerns mount over potential disruptions to global dollar funding markets stemming from escalating tensions in the Middle East.
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