• SHARE

The Financial Supervisory Agency, the Finance Ministry, the Bank of Japan and the Deposit Insurance Corp. will set up a forum to enhance communication among the four to help stabilize the financial system, it was announced Tuesday.

Senior officials of the four public bodies will hold their first meeting by the end of this month at the FSA building in Tokyo, said Hideichiro Hamanaka, deputy FSA commissioner.

These organizations will meeting about every two months, and lower-ranking officials may meet more often depending on current issues, Hamanaka told a news conference.

It was Hamanaka’s first news conference since the FSA was launched June 22 to assume the supervisory functions of the Finance Ministry over financial institutions. No specific topics for the forum have yet to be set, he said.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW