Bank of Japan Governor Kazuo Ueda urged Japanese credit unions to undertake proper management of interest rate risks, citing the banking crisis that shook the US financial system earlier this year as well as high uncertainties related to the domestic economy. “The importance of risk management for interest rates is rising even more given extremely high uncertainties over the economy and inflation in our country,” Ueda said in a speech at a national credit union conference in Tokyo Friday. “I want you to continue with appropriate risk management.” The comments are likely to help keep market watchers speculating over a ... (full story)