Japan's Regulator Consults Top Banks on China Risks.

Japan's financial regulator has asked top domestic banks, including Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group, about their plans in case of escalating Sino-Western tensions, particularly over Taiwan's political status. The regulator's move comes amid rising tensions between China and Western allies, and concerns over US sanctions on China, which could impact Japanese banks' ability to do business there. The banks have a combined $6.5tn in assets, with total credit exposure of about $64bn to China, or roughly 1% of their total assets.