TOKYO :Japanese banks' holdings of Additional Tier-1 bonds issued by Credit Suisse are small so the direct hit from them being written down to zero will be limited, Finance Minister Shunichi Suzuki said on Tuesday.
Suzuki also said some companies and wealthy individuals also hold Credit Suisse's AT1 bonds, and will likely suffer losses. Suzuki made the comment in parliament, when asked about the potential impact of the U.S. and European banking-sector woes on Japan's banking sector.
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