The Bank of Japan intends to step up monitoring of large banks' lending practices, BOJ Gov. Masaru Hayami said Monday, pointing to the worsening economy.
"Through monitoring and inspections at major banks, the BOJ will put more weight on thorough and strict assessment of credit risk management, and will further press forward timely assessment of the actual business conditions of large-scale borrowers, which have a large impact on management at financial institutions," Hayami said in his opening address at a regular meeting of BOJ branch managers.
Managers from 33 BOJ branches across Japan gathered for the one-day meeting.