The government does not intend at this time to consider a new framework for using public funds to help prop up the financial sector, Finance Minister Hiroshi Mitsuzuka said Wednesday.

He made the comment as the Tokyo Stock Exchange turned bearish, with market participants feeling that the government does not intend to ease the financial sector’s woes with public money. The finance minister told reporters that while he is aware of calls to infuse public funds to bail out banks, authorities intend to stick to using existing legislation to handle financial failures.

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