FRC head Aizawa speaks on Chiyoda Mutual Life's collapse

FRC head Aizawa speaks on Chiyoda Mutual Life's collapse

TOKYO, Japan - Hideyuki Aizawa, chairman of the government's Financial Reconstruction Commission, meets the press in Tokyo on Oct. 9 and said it is ''extremely regrettable'' that Chiyoda Mutual Life Insurance Co. has failed to rehabilitate with the financial support of its close business partner Tokai Bank. Chiyoda earlier in the day filed for court protection from creditors, making it the biggest Japanese life insurer to go under.

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