meanwhile laid out a plan to order more capital for large U.S. banks, speaking at the Bipartisan Policy Center in Washington D.C.
"We need to be skeptical about the ability of bank managers or regulators to anticipate all emerging risks," Barr said, according to a transcript. "Events over the past few months have only reinforced the need for humility and skepticism, and for an approach that makes banks resilient to both familiar and unanticipated risks," he said.Japanese investors purchased 14.6 trillion yen worth of foreign debt on a net basis during the first half of this year, according to Nikkei.
This is the highest amount for a six-month period in 13 years, and topped the previous high of 13.47 trillion yen in the second half of 2010.the investors bought medium- to long-term overseas debt, with Japanese banks the main buyers. American bonds made up much of the purchases, Nikkei reported, with over 11 trillion yen in net purchases of medium- to long-term U.S. debt from January to May.China will extend two financial policies supporting its real estate market to the end of 2024.
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