Press Conference by the Minister for Financial Services

(Excerpt)

12 February, 2002

Q.: The G7 meeting was closed, and it is said that the Japanese Government is going to launch comprehensive anti-deflation efforts for the Japan-U.S. summit meeting. These efforts may reportedly include forcible injection of public funds and reinforcement of banks' reserves against bad loans. Will the Financial Services Agency take more drastic measures than before?
A.: At present, the Agency does not have such a plan. We are convinced that we are able to address the bad loan problem as planned by steadily carrying out the existing policies.

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