• SHARE

The Financial Services Agency said Thursday it has set up a team under the Financial System Council to draft measures to ensure financial settlement stability before the April 1 imposition of a 10 million yen refund cap on all demand deposits.

The team, headed by Takaoka National College President Shoichi Royama, consists of five regular members and two observers, it 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