An in-house committee of the Deposit Insurance Corp. held its first meeting Monday and agreed that stabilization of the entire financial system is the first priority in discussing how public money should be used to reinforce banks' capital bases.
The three committee members appointed from the private sector said in a news conference that the primary task is to get Japan out of its current financial crisis, and discussions would not prioritize the bribery scandal enveloping individual banks.
The committee, formed following the enactment last week of a financial system stabilization law, is to formulate screening standards that can be applied while considering requests for money by financial institutions.