The Democratic Party of Japan may push to sell Shinginko Tokyo Ltd., the unprofitable bank set up by Tokyo Gov. Shintaro Ishihara, if it wins next month’s general election.
“If there’s a change in government, as the ruling party in charge of financial regulation we’ll take a different approach to Shinginko,” Kohei Otsuka, a lawmaker and former Bank of Japan official who heads the DPJ’s Upper House financial-policy group, said in an interview Wednesday. “We’ll dispose of the bank.”
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