19 February 2002, 09:06 Takenaka sees no need to change rules to force fund-injection into banks
TOKYO (AFX-ASIA) - State Minister for Economic and Fiscal Policy
Heizo Takenaka said he does not think it is necessary to change
regulations, allowing the injection of capital into the banks by force.
"I think we can cope with the current situation by using the
existing framework. I don't take the view that it is necessary to
inject capital into banks by force," he said.
He added that a capital injection is one of the policy choices
available following the special inspections of banks by the Financial
Services Agency.
"It is the FSA that will decide what kind of action is taken after
the special injections. I respect the decisions and views of the
agency," he said.
"We share a common view on the issue of the necessity of strict
inspections," Takenaka said, adding that he expects the interim results
of the probe to be release before the end of March.
"I expect that there will be some interim information released in
March," he said, adding that the results should be detailed enough to
satisfy the market.
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