Press Conference by Taro Aso, Deputy Prime Minister, Minister of Finance and Minister for Financial Services

(Excerpt)

(Friday, February 8, 2013, from 8:43 a.m. to 8:51 a.m.)

[Questions and Answers]

Q.: It has been revealed that the illegal manipulation of LIBOR occurred in Japan. Could you explain once again what you think of that and how you intend to deal with this matter?
A.: An authoritative company was deeply involved in the manipulation of an interbank overnight interest rate called LIBOR. A fine was imposed on Royal Bank of Scotland, among other measures. It is shameful that the bank’s Japanese branch was involved in this matter. However, as the inspection is still ongoing, I cannot make any comment. After the inspection results become clear, we will strictly deal with this matter accordingly.

(End)

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