Cabinet ministers held their first meeting July 22 to discuss problems related to “sokaiya” corporate extortionists, hoping to stem the scandals rocking Japan’s corporate and financial world.

Chief Cabinet Secretary Seiroku Kajiyama told a news conference after the meeting that the government will support firms that cut ties with sokaiya. He said the ministers hope a government resolution to solve the problem will push companies in that direction. Twelve ministries will promote the exchange of information and strengthen cooperation to tackle the issue, he said.

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