Japanese banks need to stave off crisis

TOKYO: Central bank governor Toshihiko Fukui said Japan could see a financial crisis “at any time” unless its banking sector is fixed, adding that the country's banks are becoming more vulnerable to shocks. 

“If appropriate solutions to the problems of financial institutions are not carried out, we have to say Japan faces a situation where a so-called financial crisis could be triggered at any time,” Fukui told a parliamentary committee.