17 October 2001, 08:59  Yanagisawa - Govt does not need to inject funds into banks at this stage

TOKYO (AFX-ASIA) - Minister of Financial Affairs Hakuo Yanagisawa said the government does not need to inject public funds into major banks at this stage, as they have maintained capital adequacy ratios of around 10 pct. "Even after the stock prices dropped major banks have maintained their capital adequacy ratios at more than 10 pct," Yanagisawa told a committee of the Lower House of parliament. "We don't think it's time to inject public money into the banks.

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