The chairman of the Japanese Bankers Association (Zenginkyo) on Tuesday expressed reservations over fully protecting money deposited into accounts for business transactions under a new banking safety net to be introduced in April 2001.

Katsuyuki Sugita, concurrently president of Dai-Ichi Kangyo Bank, told a regular news conference that the full protection of such funds would go against the ideal of creating a cost-efficient safety net.

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