Japan cannot confiscate Russian foreign reserves at BOJ -finmin Suzuki


Reuters | Tokyo | Updated: 28-03-2022 07:40 IST | Created: 28-03-2022 07:40 IST
Japan cannot confiscate Russian foreign reserves at BOJ -finmin Suzuki
  • Country:
  • Japan

Japan's current law does not allow the government to confiscate the reserves of foreign central banks held by the Bank of Japan (BOJ), Finance Minister Shunichi Suzuki said on Monday.

Suzuki made the remark in parliament when asked about Russia's foreign reserves parked with the BOJ that have been frozen as part of sanctions against the country's invasion of Ukraine.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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