TOKYO Dec 16 Japanese authorities are probing banks' ability to manage interest-rate risk, people involved in the discussions say, as the U.S. bond market leads a surge in global yields that could mean problems for banks holding huge bond investments.
As bond prices have sunk, posing potential problems for the huge debt holdings held by Japan's major and regional banks, the Financial Services Agency has launched urgent checks on the lenders, said the sources, who asked not to be identified as the discussions are private.
An FSA spokesman could not immediately be reached for comment. (Reporting by Taro Fuse and Takahiko Wada; Editing by William Mallard)
UPDATE 11-Trump tastes failure as U.S. House healthcare bill collapses
* Trump vows to move on to tax cut legislation (Adds Trump quotes, lawmaker reaction)
UPDATE 1-With healthcare bill dead, U.S. Republicans turn to taxes
WASHINGTON, March 24 After failing to repeal Obamacare, Republicans in the U.S. Congress quickly pivoted on Friday to President Donald Trump's next priority: overhauling the federal tax code, but their plan has already split the business community.