Press Conference by Taro Aso, Deputy Prime Minister, Minister of Finance, and Minister of State for Financial Services
(Excerpt)
(Wednesday, August 15, 2018, 10:32 am to 10:40 am)
[Questions and answers:]
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Q.
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It has been reported that the Financial Services Agency is considering to order Suruga Bank to suspend their business partially. Would you please confirm if this is indeed the case?
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A.
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There have been a variety of news articles about Suruga Bank’s ties with Tokyo Star Bank, with this morning’s newspapers reporting that Suruga Bank may have requested loans from Tokyo Star Bank. In any case, we are still in the process of conducting an investigation, and not at a point where I can give you an answer. Suruga Bank has said that it will organize an independent committee which will release the findings of its investigation. I think I should only respond after confirming those findings and, with the investigation still underway, thus I have nothing to explain today.