Board-Ansicht
Mix-Ansicht- JAPAN am Morgen - Jacques, 02.10.2002, 06:25
JAPAN am Morgen
-->TOKYO (AFX-ASIA) - Prime Minister Junichiro Koizumi said the government will decide on the issue of limiting insurance protection on ordinary accounts after hearing from newly appointed Financial Services Agency chief Heizo Takenaka.
The government originally planned to limit state guarantees to 10 bln yen per account from April but the former head of the FSA, Hakuo Yanagisawa, had suggested exemptions be offered on settlement-related deposits.
The expansion of the limited deposit-insurance scheme from time-deposits, which had guarantees cut last April, to ordinary accounts raised concerns capital would flow out of weaker banks.
"I'm now leaving the financial policy making to Takenaka so that matter will be determined after I hear from him," Koizumi said, when asked if the government will implement limited insurance on ordinary accounts from April.
Takenaka said yesterday the agency will reconsider the proposals put forward by his predecessor before deciding whether to reverse the plan.
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Koizumi added that he had discussed with the new FSA chief this morning plans to create an emergency economic strategy.
"We discussed future issues. We want to work out a policy as soon as possible, from mid-October into late October," he said.
*************************************(sorry, aber 10 Jahre verstrichen und jetzt in 2 Wochen ein Patentrezept ausarbeiten...)
"Takenaka will set up a taskforce and consider the measures together with the Financial Services Agency though I know the FSA has been so far holding to a certain idea on that," he said.
"The contents of the emergency-action strategy have yet to be determined." em/tb/bmm
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