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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