New bank group chief calls for appropriate regulatory rules

TOKYO, Japan - Seiji Sugiyama, new chairman of the Japanese Bankers Association, speaks during his first press conference since assuming the one-year chairmanship in Tokyo on April 22. Sugiyama, also president and chief executive officer of Mizuho Bank, said Japan's banking industry is ready to accept regulations necessary to soothe the current global credit turmoil as long as they are not excessive and do not erode future business opportunities.

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2008 Kyodo News

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