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Vice Finance Minister Nobuaki Usui on Monday admitted the ministry was less than thorough in inspecting the failed, Osaka-based Namihaya Bank’s predecessors and added that the state’s inability to help the bank rebuild is “regrettable.”

In a regular news conference, Usui also stressed the ministry did all it could under the circumstances. But he did not admit the ministry was responsible for what turned out to be an inadequate handling of a bank merger.

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