Japan Rules Out Major Domestic Risks from Private Credit for Now

Japanese Finance Minister Satsuki Katayama said on Friday private credit does not ​pose a major issue domestically at present but noted ‌risks linked to the $2 trillion industry could be discussed at next week's G7 finance meeting, Reuters reported. "Japan's exposure to the private credit market is not ​particularly large. It's not that there is no investment ​at all, but we do not view this ⁠as a major issue domestically at this point," she said ​at a regular press conference.
Japan
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Japan Watchdog Checks Banks' Private Credit Exposure Amid Global Strains

Japan's financial regulator has been ‌conducting checks on private credit exposure at major financial institutions, a source told Reuters on Thursday, as concerns mount over strains in the $2 trillion global private credit industry. The ​Financial Services Agency (FSA) is examining lending and investment ties to ​private credit, the source familiar with the matter said, declining ⁠to be identified as the matter is private. The move was ​first reported by Kyodo News.
Japan
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Thailand Seizes $260 Million Assets Linked to Alleged Scammers

Thai authorities seized assets worth 8.3 billion baht ($260 million) belonging to people behind an alleged money-laundering network linked to transnational cyber scam operations in Cambodia, Bloomberg News reported. The latest seizure by the Anti-Money Laundering Office included cash, cars, bank deposits and other securities, bringing the total value of assets confiscated in the widening probe to more than 20 billion baht, officials said at a briefing in Bangkok on Thursday.
Thailand
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China's March Bank Lending Seen Surging on Post-Holiday Rebound

Chinese banks likely extended significantly more new loans in March than in February, according to a Reuters poll on Thursday, driven by improved credit demand ​and a seasonal rebound. Banks in China are expected to have issued around ​3.4 trillion yuan ($497.61 billion) in net new yuan loans last month, up ⁠sharply from the 900 billion yuan in February, based on the average estimate of 17 economists ​polled by Reuters.
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Thai Central Bank Pledges Long Rate Pause to Support Economy

The Bank of Thailand will keep its interest rate at the current level “for as long as possible” to support the economy, even though inflation is set to accelerate due to the Middle East conflict, according to Governor Vitai Ratanakorn, Bloomberg News reported. “Inflation will definitely accelerate with oil price hikes and supply disruptions,” Vitai told reporters in Bangkok Thursday.
Thailand
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Japan Business Mood Slumps, Bankruptcies Seen Rising as Iran War Lifts Costs

The Japanese business mood worsened in March to levels not seen since the start of the Ukraine war in 2022, a government survey showed, a sign surging oil costs and supply disruptions from the Middle East war were taking a toll on the fragile economy, Reuters reported. A separate survey by a private think tank also showed corporate bankruptcy cases rose for the fourth straight year in fiscal 2025 with further increases expected from around summer as surging costs from the conflict squeeze profits.
Japan
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Stressed Real Estate Projects: Insolvency and Bankruptcy Board of India Panel Calls for Project-Wise Insolvency Approach

A committee of the Insolvency and Bankruptcy Board of India (IBBI) has recommended the need to shift from an entity-centric, recovery-focused framework to a project-centric, completion-driven approach, along with stronger coordination between the Insolvency and Bankruptcy Code (IBC) and the Real Estate (Regulation and Development) Act, 2016, the Hindustan Times reported.
India
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