Although the scale of valuation losses may seem similar, the structural conditions are different
SVB (2023)
Japanese Banking Sector (2026)
Deposit Base
Deposits concentrated in startups and venture capital — simultaneous large-scale withdrawals by a few possible
Diversified base centered on household deposits — community-oriented, low possibility of sudden simultaneous withdrawals
Accounting Treatment
High proportion of Available-for-Sale (AFS) securities, so market losses are immediately reflected in financial statements
High proportion of Held-to-Maturity (HTM) securities, so the obligation for market valuation itself is limited
Authority/Market Judgment
Judged as lacking hedges against rapid interest rate hikes and having weak capital buffers
Japan's FSA: "Fundamentally different from SVB" — Sufficient capital buffers, stock valuation gains offset losses