2 October 2001, 10:24  Koizumi - no need to inject public funds into the banks

TOKYO (AFX-ASIA) - Prime Minister Junichiro Koizumi said the government does not need to inject public funds into the banks so as to strengthen their capital adequacy ratios. "Major banks' capital adequacy ratios are still high enough to cope with any unpredictable event and there is no possibility they will face a capital shortage," Koizumi told legislators in the lower house of parliament. "There is no reason for the government to increase their capital adequacy ratios with public funds," he said.

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