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LTCB executives apologizes

Tsuneo Suzuki (C), president of the Long-Term Credit Bank of Japan (LTCB), flanked by other bank executives, offers an apology to shareholders and clients in Tokyo on Oct. 23 for any inconveniences the bank's decision to come under state control has brought. The LTCB, one of three Japanese long-term credit banks, is the first bank to be nationalized under a law enacted earlier this month to avoid the possibility of its severing credit lines to its corporate borrowers and defaulting on its obligations to creditors.