SVB crisis raises concerns for Japanese policy changes and bank buffers.

The Bank of Japan may delay any changes to its monetary policy due to the turmoil caused by the Silicon Valley Bank crisis in financial markets, according to former board member Takahide Kiuchi. Kiuchi previously expected the BOJ to end its negative interest rate policy next year, but now believes any changes could be delayed by up to a year. The next steps from the US Federal Reserve will also be an important factor for the BOJ's path forward. Kiuchi still expects the BOJ to widen its tolerance range for its yield curve within this year.