(Bloomberg) -- Japan's government and central bank will conduct joint stress tests on MUFG Bank, Sumitomo Mitsui Banking Corp., Mizuho Bank, Sumitomo Mitsui Trust Holdings and Norinchukin Bank, Nikkei reported.
- The tests will gauge the banks ability to absorb economic shocks as expansion abroad leaves them more vulnerable to external risks
- Previously, Japan left the details of stress tests to individual banks
- NOTE: Oct. 24, Japan Authorities Are Said to Team Up on Bank Stress Tests
To contact the reporter on this story: Molly Kissler in New York at mkissler@bloomberg.net
To contact the editor responsible for this story: Lauren Berry at lberry4@bloomberg.net
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